It is possible it is connected to Chimaera, which I think largely converted AMSLA held stocks to small caps. I have not seen the stock list, and given the potential proceedings that might not become public information (for some time).
It is, I think, probably a bit early for the receivers to make many sell or hold decisions (PWC I think are the receivers)
On the bright side, even if CVN is caught up in Chimaera, its stocks were valued at under Au$300 mil so if international boyancy returns (I see Shangahi is currently up) over the next few weeks sales should be able to occur without too much price deflation. In short, as wth OPES, this might represent a short term buying opportunity.
where are the buyers, page-9
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Last
19.8¢ |
Change
0.008(3.95%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.8¢ | 19.5¢ | $175.0K | 897.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 203693 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 1085947 | 21 |
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| Last trade - 12.59pm 02/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |