The CVV SP marches upwards every so often with little reason why (at the time or later) and then like the good old Duke of Plaza Toro marches down again. Perhaps a little optimism with the Cu price recently combined with some positive articles in the press that encouraged some to buy.
Then just as mysteriously the market turns and heads back to a support level. Hopefully doesn't go below whatever that means.
I have been a bit like a stuck record on this activity of CVVs over the last couple of years. Fascinating to watch with no real idea what is going on. Fundamentals basically stay the same IMO with funding probably one of main reasons for a good re rating.
CVV Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
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