I am not sure that Quadrant will do that, why buy and retent 100 %. I guess they may be looking who may want to buy the CVN equity on the blocks and the value.
The assests still needs significant invesment on wells and feasility studies which will impact on CVN if Quadrant decided to go ahead with the appraisal stages.
It is a catch 22 situatuon hopefully management will be able to take the best desicion if divest or venture taking asignificant loan or rising money to fund future development plans for the fields
Takeover, page-4
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.5¢ | $478.3K | 3.010M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6210 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 482885 | 6 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |