1. Removes immediate funding commitments for these projects
(Cachoeiras to commercial production
Luachisse and Nhefo to production
commission a 100,000 bpd refinery with guaranteed oil and off-take
participation in the development of four Offshore Oil Permits in Angola
to JORC compliant Longonjo
to JORC compliant Chipindo)
2. CVI retains ultimate control of the projects
3. CVI retains interest in Quest
4. Pensador shares for CVI shares when called upon by CVI in clawback
5. CVI will be the surviving holding company.
what does this mean? we now own shares in a mining house if we must compare, we shall compare with BHP on a small scale this progress outlined to date has been a remarkable accomplishment-in-progress the ilk of which we have not ever seen on the ASX ok we have seen high share price escalations, and a few prices stayed up, very few
this one, if I may predict, is a model company which will, over its development, make tenbaggers look like petty cash
I am not advising anyone to buy, but want to thank all posters for a scintillating ride to the first stage
may you relax your anxieties and get a few speccies to play with to keep your entertainment active
this one,CVI, is now a company of exponential proportions and is a HOLDING
cheers
CVI Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held