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CVN

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3.03%

16.0¢ carnarvon energy limited

IMO I believe cvn won't commercialise anything for at least a...

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Milanese68

2,163 Posts.

49

19/03/15

19:01

Post #: 14945503
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Originally posted by viktorinc ↑

Everyone bar those accumulating will share your frustration, but I believe that the intrinsic value will ultimately been seen, given successful results from the drilling & subsequent analysis.
I have no expectation of the upcoming PS results, and think the market has made the call of it being non-commercial given the POO. Anything better than that & I expect the sp will rise considerably. For me it’s all about ROC, & I’m not too worried about the sp currently.
CVN have multiple opportunities to pursue in the acreage they hold, & a solid cashbook to assist in that aim. EYES can see that cash dwindling & perhaps he will be proven right in time. If however CVN unlocks a commercial field, then I expect we will be taken out well before the cash runs dry, & at substantial premium than where we are now.
On the risk v return scale, I think CVN offers a compelling opportunity – the best to date in my time holding, which must be nearing ten years now.

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IMO I believe cvn won't commercialise anything for at least a few years.

CVN Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 16.0¢		Change -0.005(3.03%)		Mkt cap ! $277.3M

Open	High	Low	Value	Volume
16.0¢	16.0¢	15.5¢	$104.7K	655.3K

Buyers (Bids)

No.	Vol.	Price($)
27	1740744	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	887979	7

View Market Depth

No.	Vol.	Price($)
27	1740744	0.155
17	1465009	0.150
23	860691	0.145
18	707244	0.140
3	479750	0.135

Price($)	Vol.	No.
0.160	887995	7
0.165	1955444	16
0.170	704354	15
0.175	604358	7
0.180	378884	10

Last trade - 13.08pm 12/11/2024 (20 minute delay)

CVN (ASX) Chart

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