Just to declare my position, I still don't own CVN, and intend to wait. My sentiment is Wait rather than None.
I don't know if the share price will rally from here in the short-to-medium term, although I anticipate that any gain would be relatively modest.
In the interim, I have concluded that there are better places to park my capital.
I suspect that there will be further weakness in the immediate future, but I am only guessing.
My thinking is influenced by the lack of near term catalysts (main driver), and a likely overhang from past capital raisings at higher prices (a possibility).
CVN has an excellent asset in the Doarado project - hence my interest.Looking at the most recent presentation being the Capital Raise presentation, the known project events are as follows
In summary, I'm inclined to wait until early 2024 or until dates for Dorada development drilling, Baxter appraisal and Northern exploration program dates are more concrete - currently 2024 - see below.
I would at least wait for the funding mix to be announced, as well as funding certainty - currently mid-2022- see below.
Project FID - md 2022 - maybe around Set 22.
Finance needs to be in place for CVN to make a FID.
From the Presetation
▪ Funding process is underway, targeting senior debt and alternative / mezzanine sources of finance such as junior debt,offtake prepayment and royalty funding
▪ A partial divestment process is also underway which could reduce capex requirements, provide capital flexibility andcrystallise value
It really
A further capital raise may be considered depending on the funding mix available. Specifically, a CR may give a better return to shareholders depending on condition for Alternate/Mezzanine sources and Divestment.
Anyway, I would at least wait for the funding mix to be announced, as well as funding certainty.
.
EVENTS
2022 Dorado FID - provides project certainty, and should support share price,
2023 Parvo Appraisal Drilling - a bit of sizzle - relatively modest?
2024 Dorada development drilling, and exploration drilling - starting to get exciting again.
2025 More exploration drilling
2026 first Dorado production- these dates are indicative, and they often (nearly always) slip at least a little bit.
I'm inclined to wait until early 2024 or until dates for Dorada development drilling, Baxter appraisal and Northern exploration program dates are more concrete. 
(20min delay)