20c by xmas?, page-8

I am here mainly to engage in debate and question the validity of others posts as I expect other do without personal attacks and childish name calling. I am particularly interested in posts that are baseless, outright preposterous, exaggerate the facts, downplay the risks and contain speculative unsubstantiated statements that are dressed up as fact, otherwise known as ramping.

Here are but just a few examples from the last few weeks.

We have been told by posters that CVY will be in production “soon”. Argonaut estimates 2015, which is the only recent figure to go by. That is hardly “soon”

We keep getting reminded of Argonaut’s 25c “conservative” valuation. Talk about selling the house view!

We were told that only directors and substantial shareholders participated in the 5.5c capital raising. However the 3B has been released and we have not seen any director notices for the placement.

We were told that there was a director buying spree and more significant director buying notices would be released soon. This has not happened.

We were told CVY was set up run to 20 by the end of last week. That never happened.

We have been told the stock is roaring back to towards 20c. Half a cent yesterday and flat today is not exactly roaring.

We were told CVY will conservatively have 5 and 8 million ounces by mid 2013. This is completely baseless and unsubstantiated by any analysis whatsoever.

We were told about the takeover that was the only rational explanation in relation to the sale of the Cameron project royalty. That turned out to be completely baseless and farfetched.

We were told that someone was trying to slow it down and that the share price was obviously being walked down over the last little while. An alternative explanation of the selling in CVY in the absence of news / developments over the last little while is that CVY has used a lot of stock issues to purchase additional acreage and pay contractors. A lot of the selling could simply be these parties converting their shares into cash for liquidity purposes. They can’t eat CVY shares can they!

And now you argue that CVY has suddenly stopped its move to 20c because of a misquoted USD spot gold price and the AUD falling by a few cents.

Greystone, If you want to argue the FX effects on CVY given it is moving its primary listing to Canada shouldn’t you be telling me to consider the Canadian dollar vs the USD gold price from a reporting perspective and a CAD vs AUD from an invested capital perspective. And this is assuming CVY share price movements have any historical or current correlation to FX or the gold price. Even if they do, the correlation would likely be minimal.

Marxist