he has been offered rigs, and he told me that himself.
Look a simple question, why is he doing the takeover when nothing has started and therefore sp is at it lowest."
All I can presume to know is that he won't drill until land ownership is guaranteed to 1st world legal standards & the election is out of the way. CVI owns 40.5% of Fortitude, not 100%.
How do we know our Fortitude stake isn't being rolled into a bigger project like CVI's % of Longonjo & Ucua were rolled into Fortitude last December?
For example, it may be being used as our point of entry into a much larger Angolan metals business including this -
j. To invest in other opportunities in Angola including iron ore.
That was supposed to be settled by year end no?
Pensador claw back/reverse takeover by year end also.
When you bought your original stake CVI only had the Catabola copper & CdB wasn't on the radar, right?
Things have improved for the better copperwise with the addition of CdB & oilwise with the addition of 2 onshore & a stake in 4 offshore with possibly more to come in the upcoming concession round.
What we've got to weigh up is does having a smaller stake in a much bigger company make us better or worse off or about the same.
I haven't sold...
Regards Chalea
CVI Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held