CVN 0.00% 16.5¢ carnarvon energy limited

Ann: Phoenix South-3 Drilling Update, page-146

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  1. 6,546 Posts.
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    The market does some weird stuff sometimes. At one point I think CVN actually made it as a net net in cash terms (only just). i.e. its net cash holdings was more than its market cap. That's even if you assumed it had no value for the buffalo, phoenix, roc discoveries... it was a net net!
 
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