CVI 0.00% 0.3¢ cvi energy corporation limited

cvi on bbrr..., page-12

  1. 15,276 Posts.
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    I reckon the US will need to be involved at some point...

    Large shareholder base there, yet to date little involvement for them.

    If Smyth can see fit to increase the trading attractiveness on the German Bourse, I cannot see why he would not also actively be looking at the US.

    Whilst he has previously suggested he will look to the US once the stock is over US$1, which of course would equate to a more favourable market cap for them, I would not be surprised in the interim to see him maintain the US connection in some way, as he has in Germany...not sure what however.

    Anyway, with today's appointment and subsequent HK (read Chinese) connection, it may well be that we have more than enough sources to facilitate future development.

    We still have Dubai percolating in the background, which in my view is well and truly back at the top of the to do list now that Cameroon is part of the mix.

    I imagine a listing IPO of about 70m shares on the Dubai exchange (25% of the register), issued at say $1 ($70m) as a nice way top get the ball rolling in more ways than one!

    Coupled with some German, US and possibly HK interest, we may well be looking at a capital base (with converted options money in the pocket) of close to 500m shares on a fully diluted basis and some $100m cash in the bank!

    This more or less puts us on par with Bowleven, except we have better assets in my view.

    None of this mind you includes Catabola, or indeed, further Oil/Gas interests...diamonds, etc.

    So much to take in.

    Cheers!

 
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