Ted has said several times in the last 6 months that they are...

Ted has said several times in the last 6 months that they are stock piling their cash to buy into other ventures if and when they reach bargain prices and im sure for the last month or so they would have plenty of companies approaching them with JV's trying to get access to CVN'S bank balance and ongoing cashflow
CVN is in the box seat to capitalise on its fortunate situation if management get it right
As for the share price it will take time to get back to where it was,or some outstanding results from a new oil field either way it will recover the only question is how long
Bell Potter & Hartleys believe in their valuations unfortunately the general market is selling anything that is liquid at the moment and a register full of small hurting spooked holders since JP Morgans sold & director Ken Judge whos up for re-election at the AGM