Thai assets have worked against CVN for the last 4 years, however, if we are to sell our remaining share prior to any commercial success in Phoenix (or worse - after failure in Phoenix) what will we be left with? A stagnating shell company whose mission shall be to over-compensate a board who have been under-performing for years.
We need to keep some form of revenue stream open, and even if Phoenix is successful, it would be nice to have some diversity in our portfolio. I would be hesitant to sell the remaining share of our Thai assets just as the tide appears to be turning.
Still, it may be a while before the market truly reflects the value of our Thai assets after 4 years of over-promising & under-delivering.
Would it be safe to assume that CVN's current market cap. is mostly cash in bank & Phoenix potential? i.e. little or no value placed on Thai assets.
Thai assets have worked against CVN for the last 4 years,...
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $393.5M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.5¢ | $235.3K | 1.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 357240 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 290273 | 9 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
21.8¢ |
Change
0.005 ( 1.16 %) |
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| Open | High | Low | Volume | ||
| 21.5¢ | 22.0¢ | 21.5¢ | 613600 | ||
| Last updated 15.58pm 21/05/2024 ? | |||||
| CVN (ASX) Chart |