CVN 0.00% 20.5¢ carnarvon energy limited

Disappointed no doubt, but this is a two steps forward one back...

  1. 13,961 Posts.
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    Disappointed no doubt, but this is a two steps forward one back game being played.

    Dorado looks a winner, with the hoped for addition of this.

    There will very likely (speaking as an experienced nearologist) be several more large exploration successes in the area, with exploration costs a small fraction of the value added. Just gotta be patient and realise the opportunity here is huge, and that there is already the company maker pretty much in the bag.

    I suspect the sp got a little too far beyond the tangibles, but my guess is the next CR will be above 50. We stil have a winner despite the disappointment.

    Hopefully a few up/down rampers will tumble off this board now (and miss the next big move up too).

    Wishing the patient supporters well.

    EL
 
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