Make them pay!, page-1019

I think that there is another force at work, which will grow in significance ahead of (partly) and especially after a B10 success : all the big houses usually wait to grap discounted shares at capital raisings that are required for small companies (like CVN) to fund large developments (like Dorado).... so they can reap the low risk - high margin rewards of those large developments. In CVN's case,

Buffalo success and development (at essentially no cost to CVN due to the funding by Advance) will reduce or remove the need for another CR (and possibly even debt funding?) for Dorado development... meaning that all those instos, index funds etc. will be forced to buy on market.

Looking at the top 20 shareholders (holding a combined 28.6%) in the 2020 Annual report, it looks like the only really big hitters present are JP Morgan, Citicop, HSBC & BNP Paribas holding a combined 14%. There are plenty more needing or wanting a slice of Dorado action!

CVN : Go you good thing!