'He said one of his guys has just been over there and there was no way he would sell any of his stock-good enough reason for me to hang around for a while! HM what do you think tomorrow will bring?'
Unless some other plausible explanation for the $5.1 million move on the Cameron project smelter royalty emerges I think plenty of big punters will form the view that a take over offer for CVY is the only way it makes any sense.
If this scenario plays out then asx/tsx gold peer comps and 8 million ounces worth of Rainy River Resources nearology could drive the SP into the 30's very easily.
CVY Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
