CVI has been offered an underwriting facility in order to carry out JORC drilling of copper and minerals grounds, as well as set up a diamond plant at Nhefo.
This facility will eventually be paid for by a rights issue to ALL shareholders (hopefully not at 10c ;)).
Even though the share price is the worst it's been in years, this is the first time in 6 months or so I have actually been happy with a CVI announcement. Focus direction and goals on a select few known assets. Put all the other froth and bubble on the backburner.
I might buy some more.
Cheers
CVI Price at posting:
3.1¢ Sentiment: None Disclosure: Held
