Just having a quick glance over the last 2 yrs announcements again. Gee they've done this sooooo well.
- Raised money to get 79% copper and metals (other 20% held by Fortitude)
- CVI have then simply TRANSFERRED those assets to Fortitude for unlisted shares at 1.39/share (for management reasons).
- Pensador will apparently fund Fortitude to bring these into JORC
- Same plays with oil/Pensador/Hardt (except that financiers have taken the refinery itself as security and the refinery manufacturer will then have the ability to foreclose on CVI if the balance is not paid.
Obviously Fortitude to get floated, this is where the directors will make their squillions with cheapies.
Not hard to see their intentions as to where CVI is concerned!
Cheers,
The Sparkler
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