it worked.
i like this part... "Net cost to CVN is less than $20m based upon prior campaigns;"
that still leaves $80m-$85m in cash.
assuming Advance can raise their $20m for buffalo... that makes CVN's net exposure of $20m for 3 drills in the next 12 months... and if the oil gods are smiling on CVN and we hit the expected targets in each of the 3 areas (buffalo, apus, pavo) thats a $20m spend for a potential $700m increase in share price at the 80c target.
i have to ask myself, with that upcoming drilling schedule, and a previous success rate of 8 from 9 drills... would i be sitting comfortably if i was a shorter...
looking forward to the next 12 months and calling our old high of 69c our new bottom.
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Last
22.3¢ |
Change
0.013(5.95%) |
Mkt cap ! $393.5M |
Open | High | Low | Value | Volume |
21.0¢ | 22.5¢ | 21.0¢ | $2.577M | 11.68M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 531537 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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22.5¢ | 1096065 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 531537 | 0.220 |
16 | 610791 | 0.215 |
25 | 1471259 | 0.210 |
8 | 1265037 | 0.205 |
15 | 1535442 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 1095994 | 12 |
0.230 | 2111539 | 27 |
0.235 | 342350 | 8 |
0.240 | 587117 | 11 |
0.245 | 369548 | 5 |
Last trade - 12.09pm 14/05/2024 (20 minute delay) ? |
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Last
21.5¢ |
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Change
0.013 ( 2.38 %) |
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Open | High | Low | Volume | ||
21.0¢ | 22.5¢ | 21.0¢ | 5844387 | ||
Last updated 12.51pm 14/05/2024 ? |
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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