This is a no brainer
completely cashbacked and arguably now likely trading at negative EV
free carry worth 135 AUD
tax losses within vehicle not share how much let’s say value 20 m AUD
even if we only valued oil at 5 USD Boe - and valued the prospectivity of permit at zero
I get another 12-14c AUD of value for an acquirer above cash
nice timing with conversion or USD to AUD
picked up another 650k shares at 10.5 yesterday and today
corporate activity over next 2-4 months highly likely IMO
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Last
11.3¢ |
Change
-0.003(2.17%) |
Mkt cap ! $196.7M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $111.6K | 993.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 2457590 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 1329815 | 20 |
View Market Depth
| Last trade - 12.54pm 17/06/2025 (20 minute delay) ? |
| CVN (ASX) Chart |