CVN 0.00% 16.0¢ carnarvon energy limited

Mayhem, So you think a company in this space can do better by...

  1. 186 Posts.
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    Mayhem,

    So you think a company in this space can do better by not doing CRs

    - Yes I do

    (and presumably divesting early and cheap, like Finder did) ?

    - Maybe - Had they attempted to sell after Dorado (in 2019) they could have conservatively got 50-60c, maybe more, for the company - more than double what SP is today.
    At the time Cook trumpeted that he wanted 80c and instead did more cap raises.

    So you think the sp would have been higher today without the recent CR at 30 cents?

    - Yes - SP was 43.5c after PAVO success until the 30c cap raise was immediately assumed (by market) and then very predictably announced.

    I also wonder what your definition of “capping” because capping in the commonly used sense is not what I see ?

    Its pretty clear what I meant..

    I will let others decide who the moron is, but coming from yourself you can rest assured that I take it as a compliment.

    Just like the lemming you are..  Have a good night.
    Mike Drop

    EL
 
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