CVN A$158 mill cash and receivables, page-129

VH, I've made it pretty clear in my posts.

I won't be buying at full cash backing and watch that cash pile dwindle by the day.

PS1 with all these delays the odds are it wasn't as good as first thought, probably poor porosity?

The cash pile will have to be discounted heavily as it is earmarked too be spent before any oil is sold.

I'm not a buyer at full cash backing.

You can always jump in should it take off.

Lets not forget at present it has no oil reserve
to stop a sp fall and the market is an emotional beast.