CVN 10.8% 16.5¢ carnarvon energy limited

Ann: Placement to Fund Expanded Appraisal and Exploration Program, page-5

  1. 13,293 Posts.
    lightbulb Created with Sketch. 1234
    Very little dilution at a 10% discount...33 cents.
    About $100m in the bank after placement, heaps of wriggle room.
    Management on the ball yet again as we mix it with the big boys.
    No big discount this time compared to last raise proves investors want a piece of the action and are hungry for shares.
    AC again keeping shareholders up to date with detailed explanation.
    Just gives one more confidence....good stuff.
 
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