is it time to act yet, page-62

Angry,

"I still say Pensador is stalling in order to keep CVI sp low, Smyth is keen on doing the merger/reverse takeover before any drilling or production is done.

the lower the CVI price the more CVI pensador will take, therefore the less we will own, and the less of the copper mine we will own, and therefore the less our holding in it will be worth."

MS has already mentioned that when the merger/clawback is completed, current existing CVI shareholders will only make up 12% of the merged entity, with 88% being owned by Angolans.

SO, if the merged entity can achieve a market cap of around $2-3billion (with all the offshore + onshore + refinery + Fortitude + cash etc), then we own 12% of that which is between $240mil to $360mil.

$240m / 550m shares = 0.43c

or $360m / 550m shares = 0.65c

Thats a decent return for us imo.

I think you need some chill pills. Too angry...