CVN 1.39% 35.5¢ carnarvon petroleum limited

Canarvon or Pacific Tiger??

  1. pj
    2,090 Posts.
    Hi folks (apologies to Yogi in oz where is Yogi?),

    I just did something very daring (or stupid?) and placed my first ever overseas order: Pacific Tiger on the Canadian Venture Exchange

    Look:

    CVN 171m shares at 6c = $10.3m cap for 40% of this Thailand project

    CA:PTE 25m shares at 0.12c = $C3.0m = $A3.4m for 60% AND operator, so 40% CVN equivalent = 3.4 x 40/60 = $2.3m

    $10.3m versus $2.3m it just doesn't make sense. CVN full of progress reports, PTE in Canada not a word yet apparently.

    You can check all this out on

    http://www.pacific-tiger.com/

    Bought 72500 PTE 0.12, sold CVN 0.062

    Am I missing something?

    pj
 
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