El my view is the market will discount the cash as it's earmark for province drilling instead of getting oil flowing asap.
Also I'm expecting the poo to stay low for some time not necessarily take another leg down.
Thirdly, it has no oil reserve to support sp.
CVN A$158 mill cash and receivables, page-99
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Last
15.8¢ |
Change
0.003(1.61%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.8¢ | $133.6K | 836.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25067 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 2703 | 2 |
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| Last trade - 15.59pm 27/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |