Well I can't speak to that as I don't know the history of the company in detail but since the Dorado discovery, they've sold down half to CPC and now have the funds to bring it to development. It's not going to happen any time soon but at some point it's going to be developed, the company has 10c per share in cash, plus the carry, plus dorado, plus some prospective acreage so there's basically little to no downside at the current share price and plenty of upside for those prepared to sit tight until it gets into production.
CVN Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
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