I’m not a excited as I used to be the more I look at it the writing is on the wall. people have said Cook did a great job getting us here but in fact he put us in this position and his timely bonus shares were most likely a pay off to exit. As soon as he sold our 10% Nero did the math total cash held after FID is through divided by the number of shares then double that for another sell off plus add some on because we have 20% still in a couple of the permits plus sell anything we have, divide that by number of shares again and at the low price they paid on average of .135 alone will mean a 3 to 4 times their money in a 12 month investment. Sadly I don’t think it is likely I will see the return this was going to bring me, I had hoped it was going to pay back huge losses from the GFC and good old Ripoff Tony Sage CFE. The sell off deal will be much the same some cash up front and the balance on completion of FID :-(
CVN Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
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