Whilst the FID timing is unknown and I agree that considerable patience may be required, the other very real possibility IMO is a takeover - at the current crazy market cap any major looking to take equity in Dorado/Bedout surely would have interest in bidding for CVN. Their newly acquired interest in CVN could then be used as a springboard to take more equity when STO sells down their equity in the Project. Possible suitors include the Taiwanese - why not buy CVN to gain the residual 10% of Bedout for significantly less than what you are paying for the initial 10% to bring down your average price? Another possible suitor is BPT - they love a bargain and are capital disciplined (as evidenced by their bid for WGO and dropping out of the race quite early on) and CVN is certainly a bargain at the moment!
GLTA & DYOR
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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 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |