The support is now 15c, given the recent mini placement. Retailers tend to sell her down to any point when this vtakes place and quite obviously, many placements, who have been on their "phone list" perhaps have benefited. Afro plays are difficult at best to disentangle the complex web of mostly off shore plays where it is frankly impossible to sort out what the hell is happening. The diamond option is obviously related to all, but who has their hand in the kitty and why. We all know the need to "guarantee" rewards through a short term, from our neck of the woods, a dodgy registry (i.e not transparent).
She's a trader atm; just in front, after being healthily in front from last year now. Pretty awful decline and the market has spoken.
Looks cheap? Quite possibly, but IMO, if you examine any recent plays of this nature, in their part of the woods, it becomes so convuluted through the necessity to "pay off people" that the business plan becomes impossible to define.
CVI needs an AIM listing and smarten up. They need a flow chart on their website - if not forthcoming, I do doubt them.
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i do not like the look of the chart, page-4
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