Euroz Update - Increase valuation to $0.94 cents, page-17

capitain,

I agree.

CVN have always gone on the conservative side - that was the reason why we saw the SP take off from around 15 cents to 30 plus cents on announcement.

The traders are doing what they did previously - take profits.

And shorters do what they have always done to all stocks.

And accumulators are doing what they have always done - accumulate quietly.

Lets remember this; AWE was attacked by shorters and day traders after their results on Waitsia - until the first takeover was announced.

The fact is, there is a lot of corporate actions in the O & G sectors, at the moment. We have one of the best potentials in Australia.

Even one of the most "out of favoured" stocks like TAP is being taken over.

We should all remember this, we have now proven we have commercial quantities of oil, gas and condensate.

But unlike on previous occassions, when we were branded as "the maybe", "possibly stranded" or "too costly". Well, that no longer applies to CVN

Make no mistake, the Dorado results put us into play.