sp up 3c this morning, currently at 25.5c/27c with last trade at 27c. interesteing to see what happens from here as sp has struggled to hold prices over 25c throughout 2010.
imo cvy need to stop buying more turf. rather, they need to consolidate what they already have on their plate with whatever drilling is required to convert their most prospective targets to resources and to reserves. also need more concrete plans with timelines for associated mine developments. without these the sp will struggle to move up significantly.
i have held significant cvy since feb/march this year, as i liked the story, but i'm starting to loose patience.
cvy management, if you read this, please stop buying more ground and concentrate on progressing what you already have!
k
CVY Price at posting:
27.0¢ Sentiment: LT Buy Disclosure: Held
