CVI cvi energy corporation limited

egm get your questions in quickly, page-11

  1. 1,857 Posts.
    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










 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.