It pretty obvious to me that the Quadrant backers are planning there exit strategy hence the need to prove up Phoenix South.
So I would expect Quadrant to list on ASX in the new year once PS 2 result is known. It doesn't get much better to list and sell down after two (hopefully) amazing well results. And that is why CVN were able to negotiated such a good drilling cost ie small.
The Mums and Dads will be pumped full of stock by the MacQuarie machine.
It pretty obvious to me that the Quadrant backers are planning...
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $366.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 20.0¢ | $724.4K | 3.558M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 279612 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 485773 | 5 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |