CVN 0.00% 19.5¢ carnarvon energy limited

Fundamental Value, page-281

  1. 5,985 Posts.
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    Sequence of likely events (in my mind)

    1. Price tickles up with stealth buying due to 2 recent presentations.
    2. Next bazooka update gives us a big spike due to being on the radar of those at the presos
    3. Capital raising (as mentioned a 1 of 4 options) at much higher price to minimize dilution as management mentioned they didn't want much dilution.
    4. Even higher prices as instos who miss out buy on market. I think an SPP so we get to top up.

    eg spike to 70c. Cap raising and spp at 55c. Price drift back a little bit and then onwards to the holy dollar
    Last edited by Hokusai: 24/09/18
 
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