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CVN 39.5¢

CVN Cash Position

  1. HarajukuIsland

    3,140 Posts.

    CVN will receive $59.2 million on Monday feb 16th from divestment of its Thai oil production concessions.

    Add this to its current cash in bank position $52.4 mill and we have over $110 mill of cash in the bank.

    Add stakes in the Roc-1 and Phoenix South-1 exploration wells and why is out market cap only $138 mill?

    Macquaries target of a share price of 24c seems conservative

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