Freida: Excellent post. Re Cerberus: This presents CVN with a marvellous opportunity since we own it 100%. In short simply cannot see management farming this out at present for exploration drilling to anybody for the simple reason we would be giving away 30%+ of priceless equity in a USD8O+ oil price environment which will surely come about when commodity currencies revolt against the build up of debt worldwide, CVN wants somebody to come to us with a proposal rather then us putting up 30%+ of Cerberus to become free carried. Different matter if the POO were USD100 plus.
IMO we have many other short term options to increase shareholder value which are unfolding.
Freida: Excellent post. Re Cerberus: This presents CVN with a...
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $299.6M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.8¢ | $193.2K | 1.137M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 494354 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 1023036 | 21 |
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| Last trade - 10.55am 08/10/2024 (20 minute delay) ? |
| CVN (ASX) Chart |