CVN 0.00% 16.0¢ carnarvon energy limited

Finder Exploration, page-19

  1. 13,980 Posts.
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    Russ,

    I don't think that point is being missed by others, just being misunderstood by yourself.

    Every asset transaction has the buyer looking for upside through derisking etc. However in a fully competitive market that transaction price is by definition the fair market value at that point in time. If any thing in such a competitive situation some one gets over exuberant and over pays for the asset. No doubt Finder will be hoping for that.

    EL
 
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