With the elections looming very close now, on Sept 5th, surely we will see much more activity on CVI. Global may start to "long" their stock, meaning that the 20 million shares they own will need to be bought back.
So many questions are left un-answered at the moment, and I am sure they will be cleared up over the coming 2 weeks.
MS clearly stated that he expects deals to be signed off in Sept.
CVI has clearly bottomed at around 8 to 8.5 cents, and I expect that with major news due shortly that we can all hold with confidence.
I also expect lots of the negative rumours spread about CVI to stop from here on, as we get closer to the elections.
Holding firm, for confirmation of a signed, sealed and delivered US $1.1 funding deal. Roll on Sept!
Discloser, I hold and my average price is 8.5 cents
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
