CVN 0.00% 16.5¢ carnarvon energy limited

Wow.. What a great deal..!! For the Taiwanese.. Judging by SP...

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  1. 186 Posts.
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    Wow.. What a great deal..!!
    For the Taiwanese..
    Judging by SP reaction - market now expects Captain Cook to repeat his signature "go-to" move.
    Cap Raising & more dilution on the way..  
    As you read this - he's probably on the phone to Euroz..

    For a company that has essentially been "drifting" for almost four  years - amazing that no one takes a long hard look at CVN's overhead & AC's salary.  
    AC's been at the trough for 12 (!!) years sucking up salary & stock benefits of 500K + per annum
    Do long term holders really feel its been justified??
    When Dorado was discovered in 2019 - SP was around 60c
    Sure has been a lot of capital destruction, dilution  & cap raises since then..

    12 Years X 500K (Average) = Approx. $6.oM - I guess someone is making money on this stock..


    AC_Salary.jpeg
 
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