Drilling and development are independent of each other. There's oodles of cash on balance sheet and contingent (on FID) for both and drilling should enhance the SP. Plus at say $7m for a drill it will not break the bank. Interest on the cash stash alone will pay all corporate costs. Waiting for STO is not a great option. Waiting for Rusty to find a low ball offer may suit his interests but not mine. CVN is an explorer so let's explore. Why else would you invest in CVN?
Waiting for STO is not a great option. They have their own agenda which does not align with mine even though I'm a shareholder in STO. Great company.
Drilling and development are independent of each other. There's...
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $304.1M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.5¢ | $71.14K | 426.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22750 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 741591 | 24 |
View Market Depth
| Last trade - 15.04pm 11/10/2024 (20 minute delay) ? |
| CVN (ASX) Chart |