http://www.proactiveinvestors.com.au/companies/news/50422/carnarvon-petroleum-raising-up-to-12m-to-support-north-west-shelf-gas-well-50422.html
Worth a read !! I like this part at the end...
"Proactive Investors Phoenix South could provide a double or triple “play” on the company’s current market cap of $71.27 million.
As such, on our estimates, we believe that Carnarvon Petroleum’s current share price of $0.07 does not reflect anywhere near its underlying value."
pro active investors link
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $193.3K | 1.226M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1183937 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 1131769 | 4 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |