I think you are spot on there Mutineer. If I was running the show and now have Pavo in my back pocket, I’d be looking to piggy back off any STO sale. Assuming STO wanted to sell to 40 or 50% you might try and get 50/30/20 or 40/40/20 as a standard split on the dorado and Pavo permits.
if Apus is successful then plenty of cash. If not then Pavo should be sufficient along with debt to get FID over the line.
to me, that’s why AC and the board bit the bullet at 30c for the CR. Not ideal, but creates some certainty of it not going pear shaped.
if Apus were to be successful, there may even be some room to leverage up the dorado permit to 25% with CVN to be 25% holders on all.
I think you are spot on there Mutineer. If I was running the...
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $190.6K | 1.216M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 1806759 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 1591833 | 14 |
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| Last trade - 13.46pm 31/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |