The more the SP falls to the post CR price the higher the upside because all the value of the business is retained .
speaking to company lot long ago .. there are two kind of suitors here
1. ones that want the cash as O and G lending is increasingly difficult , and like the assets in the current form
2 those interested in the oil assets and associated carry and losses . This group more likely to big ex return where a 100% premium is only 120m and 150% pays for carry and 15m for all the oil assets.
now holding 2.4 m shares - target 3 m -3.5 m
The more the SP falls to the post CR price the higher the upside...
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $196.7M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.5¢ | $466.9K | 4.303M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1379969 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 698826 | 16 |
View Market Depth
| Last trade - 11.50am 16/06/2025 (20 minute delay) ? |
| CVN (ASX) Chart |