Just listened to the Santos result, STO clearly focused on getting to FID ready for Dorado as it will make it a lot easier to sell down once that happens. Given we'll get to FID ready in 25 the sell down in the project will likely drive significant performance in CVN share price:
1) It puts a market value on our stake of Dorado (and somewhat likely CVN gets taken out as well), likely at a higher level than the CPC sell down (32c per share)
2) It means that Dorado has a clear pathway to production
Ann: Dorado Project Update, page-36
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $268.3M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 14.5¢ | $378.0K | 2.520M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 102702 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 707662 | 12 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |