can cvi even keep its doors open, page-2

the bugman,

Don't worry too much about the fabricated stories you read on here. Just remember this is a highly traded stock by the daytraders and they will make up anything to persuade holders to sell.

Yes, they do only have $362,000 in the bank but if you look closely the have spent $29m in equity investments this year, including the $3m odd to get the higher stake into Fortitude (now 46%). CVI would be able to get a loan quite easily if they needed the cash. They also have a $14m investment in Pensador shares, which they are looking to get a credit into the diamonds. If they were worried about not being able to get more cash, they would have a different outlook.

CVI would ultimately like the banks to approve the refinery loan of $175m and then shareholders would throw money at them to get their copper/gold/diamonds project into production ASAP. On the flip side, MS is marketing the company to the US to raise funds for the projects.