Hi michael
Yes thats right. Also a lot of buying at 48-52c (volume that is) level helps to dial in that level (save for something really bad).
Don't get me wrong, having to pay up is not a bad thing when the SP momentum turns, provided you are using the opportunity elsewhere.
Don't expect serious insto buying yet. Market cap will be the driver that will enable CVN to be put on an index. The mere mention of BTA brings back wonderful memories (what a run!!).
IMO no not a takeover target - yet. I'm pretty sure they will need to firm up reserves more for majors to take interest - but lots of M&A action going on.
Take-overs tend to cap the upside value, but depends on the deal and where you bought. I recall many being out of pocket with the Hardman takeover.
Stock tips? hmmm - put as much money as you can afford in CVN right now!! Wait 2 months. Where to put it after that will be a nice problem to have!! - this is not advice - simply my opinion ...
cheers
neo
Hi michaelYes thats right. Also a lot of buying at 48-52c...
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 16.0¢ | $42.81K | 261.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 147297 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 501978 | 9 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |