Of the stocks you list all were T/O except TAP & CUE. TAP recently almost went to RISCO at the steal price of.091c , which would have given them the company for almost nothing in about 12 months (cash plus cash flow). A sad story falling from $2.50 to 5 cents , bogged down with debt and a project based on POO at US100.00. Not only small companies run into trouble , even STO looked in a lot of trouble last year due to excessive debt. Expecting a very low ball offer to emerge for CUE at some point in the near future via NZO (Asian owned). Risky game oil/gas go back about 30 years and you will find that 66 oil/gas companies were listed on the ASX. Only 7 remain listed and only 4 have "Made it" BPT,OSH,STO, WPL the other 3 are FAR who might make it and of course we have the dreaded LKO and PSA. So the chances of CVN joining the elite 4 look a little slim in historical terms. But we all hope they do either by themselves or with a T/O battle. I first bought CVN over 18years ago, think 4cents. and have traded in/out of company many times since then. Nobody would love to see a $1 s/p more than me either by T/O or on their own.
CVN Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
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