Reading the presentation it seems itsva 10% stake in all of their assets so if CVN has 20% then they sell 10% or hakf but there are a couple of interests where they have 30% so those go to 20%.
If you look at the presentation I believe a lot of the updide has been taken out of this and 40c is probably a buyout price. Not much comfort for those that bought their shares late 2018 and 2019. These exploration companies really keep reinforcing that I should stay away - the only guys making money are those employed in the company. Luckily I bought in recently so cost is 14c. Even the company actually finding something that is viable doesnt guarantee a profit or even that it will get to production.
Ann: Bedout Divestment Update, page-26
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $366.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 20.0¢ | $724.4K | 3.558M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 279612 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 485773 | 5 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |