Unless you have not followed CVNs progress since POE9 its been obvious that this Phetchabun Basin oil field was always going to be a mid cap oilers pot of gold.
The real detail (Company Value) is not in the very cash flow rich bopd, its in what Ted have been saying in every report since POE9:
"These contingent resources are from only one of the four
potential volcanic zones intersected by Carnarvon's drilling"
With the geology becoming clearer by the week the extent of the reserves will be shareholders diamond on top of a very nice gold ring. They have always believed the field structure is some 33kms+ and contained in several pools which is extremely exciting for long term shareholders. I cant believe people keep buying mid cap asx oilers on promise (blue sky) when the Phetchabun Basin is the real deal with so much more to be delivered.
CVN has on fundamental value always been the asx energy sections most undervalued stock which is why I have accumulated such a strong holding since I first brought in during 2002. All the talk about bots, takeovers and conspiracy theories is rubbish. The issue is that cash is king and these scared rabbit day/short term traders have zero understanding of anything other than all ordinaries index,the fundamentals of investing is not what drives these traders. Talk to me in 3-5yrs when I come to fully realise what my CVN investment has put into my wallet.
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13 | 529599 | 0.155 |
17 | 1265052 | 0.150 |
17 | 745185 | 0.145 |
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Price($) | Vol. | No. |
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0.165 | 40386 | 1 |
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