I think that's a good point Phil - I look at my watchlist and most of the spec stocks just keep on drifting lower and lower at the moment. It's a tough gig for the pure spec play in this market environment.
However, CVN is transitioning away from being a pure spec play into a solid producer. So in the same way a lack of news and stagnant productivity hurt CVN recently, the current increasing bopd via infrastructure and NSE drilling (likely leading to inreased production) should see CVN being targeted as a stock increasing numbers of people will be comfortable parking their cash in. I guess I'm saying that the company is increasing de-risking as time goes by.
Tell you what though, I'm a bit surprised by the muted response to today's ann. It would surely take a very conservative/cynical person to suggest that NSE being given a green light to go into full field production wont lead to SIGNIFICANTLY higher flows, leading to a significantly higher SP?? I thought the market would be all over it..... but looks like it may take Hartleys and Fat Prophets to point out the obvious...
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I think that's a good point Phil - I look at my watchlist and...
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Last
16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $295.1M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 15.8¢ | $174.8K | 1.079M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 131000 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 1251077 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 141000 | 0.160 |
7 | 822509 | 0.155 |
10 | 333173 | 0.150 |
16 | 424349 | 0.145 |
4 | 387714 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 1251077 | 11 |
0.170 | 1651292 | 15 |
0.175 | 1526377 | 14 |
0.180 | 1269701 | 13 |
0.185 | 932277 | 9 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
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MD - Shanthar Pathmanathan, Geologist - David Trabert
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