Unfortunately we are where we are.
In hindsight we could wonder on the specification of the drill string and BOP installed for PS 2.
Now we have at least 6 if not 9 months of zero drilling.
Undoubtedly
Roc 2 was a great result, world-class.
Phoenix South 2 was exciting and huge upside but no definitive result. Cost another $60 to $80 million to prove up.
Going forward CVN going to be cum-issue to fund further programs unless they sell/farmout part of there holdings.
Possible opportunistic T/O by WPL etal.
Meanwhile there more exciting opportunities to play in the market so expect CVN to drift sideways to down.
Unfortunately we are where we are. In hindsight we could wonder...
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Last
20.5¢ |
Change
0.010(5.13%) |
Mkt cap ! $366.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.5¢ | $492.2K | 2.477M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 55000 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 415302 | 9 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |