CVN 6.25% 17.0¢ carnarvon energy limited

who is the short seller, page-7

  1. 13,293 Posts.
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    One doesn't need to be Einstein to work out what's probably going on with stocks like FAR and CVN.
    They both have a share in a huge resource and both are no doubt being played.
    Go back where AWE were played down to around the 45 cent mark then 3 bidders came in to try and acquire the company, it finally went for about 95 cents.
    Small companies with a share in a large project are always at the mercy of big oil as its a relatively cheap alternative to drilling dusters trying to find a resource.
    AC's last CAP raise was no doubt partly a defensive strategy in case we have majors sniffing around.
    CVN are now in a stronger position cash wise and on the cusp of telling the market volumes and flow rates.
    FAR on the other hand are a one trick pony and in a more fragile position with 6 billion shares and having to have a CAP raise just to pay the bills every 9 months.
    So IMO both companies are being capped, shorters play their part in that but there are bigger forces at work behind the scenes.
    When a predator wants something the first thing the do before they come in for the kill is weaken it.
 
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Last
17.0¢
Change
0.010(6.25%)
Mkt cap ! $304.1M
Open High Low Value Volume
16.0¢ 17.0¢ 15.5¢ $627.4K 3.817M

Buyers (Bids)

No. Vol. Price($)
3 306000 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 374569 7
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
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