CVI 0.00% 0.3¢ cvi energy corporation limited

question for dbk, page-10

  1. 4,058 Posts.
    iron first
    thanks for responding!
    in relation to CVI's move to double their exposure, you can also think of it also as this.
    why are these over guys selling 20% of their stake for $20million?
    the other 20% were happy to sell it for $1.3million in the event that CVI end up doing nothing with it. think about it.
    so either way that doubling exposure doesnt really mean much to me as a signal.

    yes i have ignored the other projects but that was because the question was specifically aimed at NDO galoc and CVI's cameroon. really dont know much about them

    oh thats another thing i didnt convert the US$ to A$ throughout the whole thing, so divide everything by a factor of 0.9 there abouts (i think the aussie will stay at these levels atleast longer term).

    anyway - i seriously still dont see the upside here unless their metals project goes mental or they somehow get their hands on a serious chunk of oil land for next to nothing - in which case my valuations will change. until then this is not undervalued and is nothing more than a complete punt!! i would rather have the ten bags without the maybe's, thank you very much.

 
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