the sudden appearance of 2 million+ buy bids at or near 19c today is very interesting given the recent walk down she has had - it looks like a basic share harvesting operation is well underway here.
on fair peer comparisons with other asx goldies CVY should be 50c+ on current jorc reserve, and that reserve looks likely to triple by years end based on strong regional showings elsewhere at the deposit that are not yet included in the million ounce jorc.
CVY looks to be nice buying at current levels bearing in mind one of the worlds leading gold investors (palmedo)paid 26c for a 5%+ stake recently.
also interesting that macquarie is an 8%+ s/holder.
lots to like here.
CVY Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
