"FA doesnt look to bad either, $21 million cash only $37 million...

"FA doesnt look to bad either, $21 million cash only $37 million market cap and cashflow positive. What more could u ask for from and oiler?"

Didn't CVN recently raise $20m? you'd hope the cash was still on the books... And btw, CVN needed to come back to tap the markets for cash because the FA has been bad... the company was running profits back in its heyday.

The quarter in its operating currencies was slightly cash flow negative... translations back to AUD mean jack unless it's time to distribute cash on the books or cashflow from overseas operations are subsidizing Australian based operations.

Come to think of it, it was a timely raise... as the AUD raised would've converted at ~1.04, whereas now CVN investors would only get 0.92 bang for each dollar.