I have read the Mac Quarie report on CVN post Pavo1 document and it is one of the most incomprehenslble documents I have ever seen in my 50 years around capital markets. There is no indication as to how they got to their revised numbers, it is basically a crock of s...t.
I am wondering what is MacQuaries agenda here- are they helping somewhat set up a t/over or are they looking out for the shorts? i guess time will tell.
News: CVN Carnarvon Energy Will Issue 234.8 Million New Shares At A$0.30 Per Share, page-25
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