Carnarvon Petroleum, looking on the up in the coming few months. Some big drills expected to rally into. High chance first hole and good chances next two holes.
Waiting patiently for the flag to fall on number one.
Rally should have started already? Probably!
The only question is where does the money come from?
Cook reckons no dilution, but obviously this might be a good choice at some point. So still a real possibility later into '22. And what if we get great debt, what does that mean? No one knows.
What if only one hole comes good? What if Buffalo is something we don't expect. What if Buffalo is sweet, Apus hits paydirt, and the rally into Pavo? What if it's a different combination?
What if it's none?
This is why the share price can't take off
CVN Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
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