High (Binary) stakes on D3 Flowtest

Think about this ..  
Had Roc South been successful - the upside to CVN SP was anticipated to be about +3c

Instead,  it turned out a duster & CVN SP dropped approx. 17c, in a day..
We all know what happens when expectations are not met..  
(Magpie lost 130K!)

The value of CVN's Dorado share is estimated by some analysts to be around 50-55c
Our SP today is 0.405

If D3 flows as predicted..  We are on our way..  Back on track to 50c++  High fives all round..
It will be a BEAUTIFUL thing..
With the added bonus of extra placement $$$ - so CVN can maybe keep up with STO in an eventual development..

But, GOD FORBID a D3 flowtest does not "meet STAGGERING expectations", (ie - another Roc South or Phoenix South), then expect CARNAGE..

It was not THAT long ago Gotta was (correctly) complaining that the CVN SP was valued at about what CVN had in the bank.
Well, after the recent insto raising /anticipated SPP / etc / + Cash in bank..  
CVN will have around a $153m pro-forma cash balance.
The placements/dilution will mean 1.6B shares on the register - so even with ALL THAT CASH - cash backing of SP will be about 9 cents.. I repeat.. 9 cents..

So forget about complaining whether CVN should have raised capital and who should have participated..
Forget about speculating whether CVN will be taken over..
Forget about Buffalo / Timor Leste / Bills passing through Parliament..
Forget FEED
Stop second guessing whether Adrian Cook is a genius or just a bloke who seems to tap cap raisings right before big binary outcomes..

Just think this..  Its pretty simple.

D3 is going meet expectations (ie STAGGERING)  - or not..   

50c++ or 9c

When you get you SPP forms (or instruct your minion to fill out the CARD form for JP Morgan)
What binary outcome are you betting on -  "black" or "red"

By the way, has the ship even moved to D3 and was there a problem leaving Roc South??

Hope you can sleep better than me..

Full disclosure,   I'm betting "black"..