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
Whilst the FID timing is unknown and I agree that considerable...
-
- There are more pages in this discussion • 18 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
19.5¢ |
Change
0.010(5.41%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.5¢ | 18.8¢ | $527.1K | 2.772M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 355000 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 622234 | 6 |
View Market Depth
| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |