a few facts

Chris and his mate Solarfeen like facts, so here a few from the CGV board:
Factfinder wrote on the 14th April 2010
Looking at the price chart available on HC, the trend is telling you this one has plenty of sinking to do yet before value can be identified.

Unlike other UCG companies this one just doesn't have those "share price peaks" which represent buyers taking positive action, rather than sellers getting out for what they can.

CGV might get things together but the SP trend says otherwise
And again on the same day
I see no particular value in CGV at the moment
On the 20th April Factfinder when asked to forecast how low the Sp could go wrote
So how low? With the "right" conditions, i.e. the odd delay, a set-back or two, maybe a temporary global confidence slump, around five cents I'd say. Any and all of these are likely. . . not guaranteed but likely
On the 26th April Factinder added
Guys, just look at the trend, then factor in fund raising and likely development timescales etc., and there is every possibility that this companies SP will get down around 6 cents.
Yet the CGV supporters club has managed a few choice quotes too:-
On the 20th April Christophe had a less than rosy view of Factfinder when he wrote

Again I have no worries about anyone posting on CGV its not my site but if youre gonna post nonsense that a company might hit 5c when clearly that is ridiculous and unsubtantiated by anything that reflects even a basic understanding of the stock market. I'm not stirred up or anything its your reputation on the line mate

Youd think that with CGV at 6 cents and 1.5 million traded he might apologise. Lets see.

Solarfeen was braver on the 7th May when he wrote

Im taking up the challenge.I place a buy order at 6cents. As they say dreams might come true

I guess SF is in dreamland right now...

They even managed to garner support from one of their occasional mates Teotihuacan who wrote regarding my forecasted SP
Not so much in your opinion as in your dreams. Maybe Teos now in the same dreamland as SF??
Maybe a couple of further choice quotes will persuade these guys that CGV might not be the investment of the century. Solarfeen again from the 15th April when correctly getting the facts right
around the corner,,,6 cents is a 60% drop..any facts to support your claims?
Actually Solarfeen, yes, the closing share price yesterday will do.
Finally even Chris reckoned hed found the events that would lead to our current Sp when on the 23rd April he wrote
The company would have to loose (his mis-spelling) the 5m in cash or something more drastic than that to drop 60% around the corner.
Maybe we should all ask Chris what it is that is so drastic that CGV HAS dropped to 6 cents in such a short time??
So lets finish with the list of facts that Factfinder set out on the 1st May
1st May 2010
FACT 1: The first is that at the end of the Quarter THIRTY per cent of the funding raised has been spent.

FACT 2: CGV spent $133,000 in 1Q10 on Exploration, making $351,000 over the 4Q09 and 1Q10.

FACT 3: CGV spent $75,000 on Development in 1Q10 making $88,000 over Quarters 4Q09 and 1Q10.

FACT 4: CGV spent $469,000 on administration in 1Q10 making $777,000 over 4Q09 and 1Q10.

Analysis: Total spent on these items making $1,216,000 of which 64 per cent is administration. Creative activities therefore accrued less than 36 per cent of cash spent.

PROGRESS is clearly a very real issue for CGV's management. The 4Q09 Quarterly contained the following:-

FACT 5: Forecast Spend on Exploration in 1Q10 was shown as $1,200,000

FACT 6: Forecast spend on Development in 1Q10 was $700,000.

Analysis: This means that as a proportion/percentage of the forecast spend in 1Q10, CGV's management managed to spend $133k of $1,200k forecast on exploration (i.e. 11 per cent); and $75k of the $700k forecast on Development (i.e. 10.7 per cent).

Put another way, CGV DIDN'T DO approximately NINETY per cent of what it said it would do, even though the Quarterly forecast would have been written during the Quarter in which the actual expenditure was being incurred.

Note that the same forecasts are shown in the 1Q10 Quarterly for expenditure in 2Q10.

So this is why I make the comments I do about CGV. This might also be why, according to Chris, there is a seller selling out. I'd suggest that might be more than one.

This is also why I would strongly suggest that the share price is heading towards a level which "might" make it a potential buy. When I made that forecast the SP was at 12.5 cents. It's now at 10 cents.

My aim is merely to provide a balance to the blindly optimistic comments from others. There's virtually "no reason" for a short term bounce when coal is found by a drill bit.

The FACTS suggest the overly optimistic management just need to be more truthful about the reality of dilution and progress timescales. At the SP level I have forecast, all shareholders get a chance to truly value CGV's chances of success. Currently, in my opinion, and seemingly backed up by the CGVs own statements . . its over-valued.

Now whod like to say I was wrong??