Anyone now holding CVN is taking a huge punt on APUS results.
APUS has a 23% likely "commercial success "rate.
Less than PAVO - which was around 30%.
Way, way less than "sure thing" BUFFALO.
I recall CVN saying BUFFALO had a 80% "commercial success rate".
If APUS comes in and is commercial / able to be tied back like PAVO - I guess the stock slingshots back to 43-45c, maybe more - even with recent dilution.
Happy Days. Fortune favours the brave.
But in the case of a duster, like BUFFALO - its back to 20c & management would still have to work out how to fully fund Dorado FID. In that scenario expect more cap raises & further dilution..
Management were very quick to hedge their asses (and their ongoing renumeration) with a cap raise after PAVO success (which shafted long term holders).
I guess 23% odds of success was not all that appealing to them.. If they really believed in APUS they would have put their jobs on the line and delayed a "cap raise" until after APUS results..
So maybe say a prayer - all CVN shareholders are at the mercy of a 23% bet on APUS drill bit..
Good luck to all holders.. You are braver than CVN management..
- Forums
- ASX - By Stock
- CVN
- Say Your Prayers / It all comes down to APUS
Say Your Prayers / It all comes down to APUS
-
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $281.7M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.5¢ | $188.8K | 1.205M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 1820460 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 1591832 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 1821098 | 0.155 |
34 | 1567194 | 0.150 |
17 | 938337 | 0.145 |
13 | 724095 | 0.140 |
8 | 724935 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 1591831 | 13 |
0.165 | 701409 | 15 |
0.170 | 1129909 | 13 |
0.175 | 779277 | 12 |
0.180 | 868127 | 15 |
Last trade - 13.43pm 31/07/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online