What’s so confusing about the announcement guys? They are explicitly stating they’re targeting FID this year and will be well-funded to cater for their share of capex costs. Furthermore they have reduced their ongoing costs and the A$180m cash balance is generating surplus cashflow at present. Looks positive to me. My view is that when further milestones are met for FID at Dorado in the coming months this stock will re-rate hard.
What’s so confusing about the announcement guys? They are...
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Last
15.5¢ |
Change
-0.010(6.06%) |
Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $27.23K | 170.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 1718344 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 1286051 | 7 |
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| Last trade - 10.55am 12/11/2024 (20 minute delay) ? |
| CVN (ASX) Chart |