A Possible Approach - Only Guessing
They may sell down to 15%, i.e, 5% of Dorado assets and 15% of Pravo and Apus and the rest of their permits.
Will the sell down happen pre or post Apus result?
That would require a meeting of minds between buyer and seller, and that may not happen, e.g., buyer wants certainty, so after Apus result.
STO is selling down too, so same buyer is probable(?). If same buyer, timetable would be set by STO and Buyer and CVN would ne along for the ride. The advantage here is that CVN would likely get similar terms to STO - a very good thing.
Let's assume that they drill APUS prior to selling down. Two outcomesCould be a free-carry exploration component in both scenarios
- success. Receive more cash: fully funded(?) future exploration program. May be able to ditch the flagged (expensive and undesirable) mezzanine finance
- duster: Receive less cash: may need extra cash to fund extensive exploration program pre-Dorado production.
- Forums
- ASX - By Stock
- CVN
- Doradao Sell Down to Fund Development
Doradao Sell Down to Fund Development, page-8
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $295.1M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 16.5¢ | $205.8K | 1.212M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 234409 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 344846 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 234409 | 0.165 |
5 | 144000 | 0.160 |
7 | 454089 | 0.155 |
9 | 554362 | 0.150 |
19 | 765692 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 344846 | 4 |
0.175 | 1061632 | 8 |
0.180 | 784711 | 9 |
0.185 | 877813 | 5 |
0.190 | 810388 | 4 |
Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online