CVN 2.50% 20.5¢ carnarvon energy limited

I hear what people are saying about cash backing and...

  1. 125 Posts.
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    I hear what people are saying about cash backing and discounting, can't say I disagree with that sentiment as a stand alone idea.

    What I don't get is what has happened to the $70m that CVN was free carried for Pheonix? Can't see this in the accounts anywhere, also there is no value to the $70m they have banked for ROC either?
 
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