I take your point in relation to Smyth, although the ongoing market malaise has distorted and upheld a lot of promises from a lot MD's.
CVI isn't alone in that regard.
As for Smyth, I also have my reservations. I would prefer some things were done differently and I am not in favour of the constant 'email ping pong' that takes place between management and share holders and then reported to the forums. And I have issues with the fund raising that has taken place. After all, who doesn't?
However an enormous amount has actually been achieved, and if all goes to plan the company will have a sizeable exposure to the ripest of 'low hanging fruit' in resource rich and politically safe (for now) Angola.
Short comings and African risk aside, Smyth does have a certain way of doing things and a 'connectedness' that is helping to provide CVI with a BIG 'in' in Angola. As far as management goes, it is Ian Egan's involvement that gives me hope that success is possible and everything that we have had presented so far, is for real. If the company was a scam, he would have cut his ties long ago.
Ecstatic Go easy on those Bintangs. Remember, all things should be taken in moderation, even loading up with CVI at these prices.
Encore Sorry about the excess words. I did try to be brief. Still, if you find reading too difficult, just put me on ignore.....LOL
Cheers Nev
CVI Price at posting:
7.6¢ Sentiment: Hold Disclosure: Held