what this means to the investor

first my humble summary of the announcement....

1. Removes immediate funding commitments for these projects

(Cachoeiras to commercial production

Luachisse and Nhefo to production

commission a 100,000 bpd refinery with guaranteed oil and off-take

participation in the development of four Offshore Oil Permits in Angola

to JORC compliant Longonjo

to JORC compliant Chipindo)

2. CVI retains ultimate control of the projects


3. CVI retains interest in Quest


4. Pensador shares for CVI shares when called upon by CVI in clawback

5. CVI will be the surviving holding company.

what does this mean?
we now own shares in a mining house
if we must compare, we shall compare with BHP on a small scale
this progress outlined to date has been a remarkable accomplishment-in-progress the ilk of which we have not ever seen on the ASX
ok we have seen high share price escalations, and a few prices stayed up, very few

this one, if I may predict, is a model company which will, over its development, make tenbaggers look like petty cash

I am not advising anyone to buy, but want to thank all posters for a scintillating ride to the first stage

may you relax your anxieties and get a few speccies to play with to keep your entertainment active

this one,CVI, is now a company of exponential proportions and is a HOLDING

cheers