you hit the nail on the head.
until the market can see/plan on the potential Dividend stream , then CVN is just a speculator with lots of promise and can be /and is played. The time you take the 60 cents , may be the time to buying as the potential dividend stream will be closer.
The price is NOISE ........if you believe on the exploration news todate and believe that production/cash flow will result then this stock is a BUY and hold. The price is meaningless in the short term , other than "feel good" factor of holding a stock that market obviously wants.
I take my "feel good" from
Santos declaring Dorado is a major find and is part of their future production plans once "dots" completed.
Ann: Successful Baxter Flow Test in Dorado-3, page-354
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $636.5K | 3.866M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 624083 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 745415 | 12 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CVN (ASX) Chart |