Interesting this announcement is. I have to say I like the farm out deal, given our current situation. But what is more interesting is, given the expenses paid back to CVN ($7M ? they did not say 'some') why was there a capital raising before the announcement? Surely if this was on the cards it would have carried us through another few months and given the price some time to recover?
Unfortunately I am an overseas resident and unable to participate in the share purchase plan.
Ann: Farmout of Phoenix Blocks , page-9
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Last
16.5¢ |
Change
-0.020(10.8%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 16.0¢ | $3.525M | 20.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 441949 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 2048593 | 4 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |