cvi shareholders demand the 14million back, page-2

U92

They bought stock in an unlisted overseas company with the cash. They made the purchase.

Whilst I wish I could return my stock and get back what I paid for it, it aint gonna happen!

IMO, they should sell off the diamond rights completely for a couple of mil to fund the JORCing of the minerals.

Ignore Enitrade, ignore the refinery, ignore oil, ignore diamonds, get as much firesale cash as they can for the non-mineral assets (if they are assets) and progress one of the mineral sites - the one with the best bang for buck (possibly gold at Catabola as the gold price is hanging in well in comparison to other commodities).

The world is now a different place - if funding was straight forward they could run multiple projects. Unfortunately they need to focus on just a couple in one stream - and minerals would be their best bet.

If they do not spend money on the minerals leases, they lose them (often a set amount of $$$ per year, eg. $1M) so they should ensure they have some cash to actually get some of it shored up ready for the next bull movement in commodities in the cycle.

They need to stop thinking about the big casino win, be pragmatic and deliver something real.