CVN 10.8% 16.5¢ carnarvon energy limited

Unfortunately Maggie there are two sides to every transaction....

  1. 11,433 Posts.
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    Unfortunately Maggie there are two sides to every transaction. The buyer which you chose to apply your up ramping to. And the seller , and who knows the property better?

    While it is expected for the investment bank to sell down their interests.

    Have they sold out and reduced their risk at a Hugh profit ? No.

    They found a buyer to share the risk but that buyer was only prepared to outlay a small portion of their wealth to buy a small portion of the property for sale?

    I won't of thought this is a ringing endorsement of the larger entity let alone a ringing endorsement of the smaller piece Carnarvon has interest in?

    Not seeing how your spinning this as fantastic news.

    Seems luke warm news at best?

    I have doubts that's its positive news given the sell price and the amount off loaded.

    As always I suggest Caveat Emptor to all.
 
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Buyers (Bids)

No. Vol. Price($)
3 441949 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 2048593 4
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