Good news for all holders, lower registry costs and probably 3 million less shares on issue assuming a 90% take up rate.
Appreciate CVN is in the oil and gas business, but CVN and management are also in the capital management business, I'd like to see CVN have a larger buyback now, and if Dorado gets the nod then they can just issue shares at 30cents should reserves based lending not be adequate to plug any funding gap.
Ann: Minimum Holding Buy-Back, page-4
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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 |