That combines with the ASX index being bank heavy compares to other markets gives the extra plunge. Wrt to CVI though the above scenario has been played out (no doubt) just prior to new shares being issued to investors. So a pump, a dumpa and a short strategy. Very lucrative for CVI who needs the ready cash. We mug investors just have to weather this until we reach a new stage in the maturity of CVI. And new shares will be required issued to move CVI to that next stage. no doubt about it. Without it we will not be able to progress. Simple as that. The diamond leases will alleviate things longer term in terms of a small cash flow. The major game will be the packaging of resource types/categoris to assist in moving in on future opportunities.
CVI is almost like a Babcock and Brown or Macquary, only diff is we are focussed on resource packaging as apposed to their airports and infrastrucure packaging. A new pardigm as I dont think there are many doing this and certainly not in the last frontier namely Africa.
CVI Price at posting:
0.0¢ Sentiment: None Disclosure: Held
