CVN 1.72% 28.5¢ carnarvon petroleum limited

shares coud fall

  1. 6,951 Posts.
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    With the announcement of the Changes in some of the management ther may soon come a Re -Capitalisation which could mean say a 2 for 3 rights at say $ 0.015 each to give the company a chance . If this happened there would be a fall in the current share price . The company needs monet to progress the project and stop this ridiculously high loss of shareholder value . This fall in the share price may be necessary to get a rights issue away and then a possible consolidation of capital say on a 10 for 1 basis . It is too risky therefore for me to buy the shares at present , fortunately I sold out a long time ago.
    Just some thoughts of my opinion. Best wishes B2
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