No heroics involved. Just a hunch that with 37 wells to drill on a highly prospective area that something would come good. Yes it is difficult to hold them when they go down but I remind myself of the value that they will have in 12 months time so it really doesnt matter what they do in the mean time. Thats how I look at it anyway.
Learnt my lesson with PNA . Held them for 2 years - got in at 13c and sold Jan this year for 33c after my patience ran out. I had 900000 of them. If I had held for another 10 months I would have made another $600000. So patience really is a virtue!
Having learnt my lesson I am holding my CVN's . Am waiting for a dud well to be reported and will buy more!
IMHO this stock is $1 or more easily for 2008.
any one selling will regret it, page-11
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $93.07K | 596.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 541153 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 938543 | 10 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |