SJ, I find it difficult to understand why people still refer to cvn as speculative. It is a producer, and will be defining known reserves over next few wells, and has production license from Thai Govt. with environment approval to come. This means that the next few wells will be increasing production from the NSE field, and there are 19 in total for the production area to come this year.
The propensity for traders to pump & dump on announcements is a piss off, as it deserves better than this.....IMHO
So, I guess we can expect this level until end of march & drilling gets really fired up with announcements every 10 days at least, even shorter if third rig is brought in.
People with very short time frames are a pain in the arse & may well be keeping investers away for now.
Just my ramblings as I am cheesed that the sp is like this at present. Good story amongst the bad news around & still treated like crap. Traders wanting short term go and trade the financials.....
cheers
stevero
ann out, page-24
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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 |