CVN s Enterprise value is now about $250 million after taking into account cash on hand. What are the untested exploration assets worth? It is not long ago that brokers said they were worth north of $100 million and that was before Parbo. IF they are worth $100 million then the markets valuation of Dorado is currently $150 million which represents about $us 2.00 per barrel of almost ready to go oil . What a joke ! Its time the exploration assets were spun off into a separate ASX listed vehicle with CVN providing the management . Only then will the absurdity of the current SP be made clear.
Time to spin off exploration assets
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Last
19.3¢ |
Change
0.008(4.05%) |
Mkt cap ! $344.0M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.5¢ | 19.0¢ | $554.6K | 2.877M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 2886857 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 1771602 | 16 |
View Market Depth
| Last trade - 15.43pm 06/05/2024 (20 minute delay) ? |
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Last
19.3¢ |
Change
0.008 ( 2.67 %) |
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| Open | High | Low | Volume | ||
| 19.0¢ | 19.3¢ | 19.0¢ | 976318 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| CVN (ASX) Chart |