admits they have to be proactive despite the banks situation
quite relaxed to not proceed with offshore oil as it would cost 100's of millions of dollars and would take years for cashflow
they now have credit in pensador (CVI's gain)
has always dreamed of CVI having key position in Canzar
failure of pensador to perform on the time given has given CVI a breakthrough to be a key player in Canzar - "just watch this space"
appreciates they have totally underestimated the what has been going on in the project in Nhefo Diamond concessions and states that one of the reasons is that no one from Nhefo management speaks english
Places emphasis on focusing generating cash flow from Nhefo
CVI Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
