Re: CVI - Cityview Corporation
Summary from BRR interview with Mark Smyth
Funding: Playing chess in Africa, you have to think about the black pieces - classic.
Need to work with the natives.
Success requires to be seen as a local company - Angolans have to see CityView as their own...
Re: CVI - Cityview Corporation
WYSIWYG,
CVI have announced they are not looking to build a new refinery, rather they are looking to relocate a second hand one.
The figures released are a cost of about $200M through one of the BRR reports from memory.
Re: CVI - Cityview Corporation
I agree that it is that credibility that the market wants.
For me, I have a belief in the (very liquid) business plan of stitching up as many deals for good quality ground as quickly as possible - goldrush days in the wild wild west!
I like the big...
Re: CVI - Cityview Corporation
So again, would it have been in investors best interests to attach a free CVIO to a placement when the shareprice was at 15 cents?
They have managed now to place shares at a small premium (22.2 cents) without anything else attached. I would prefer there...
Re: CVI - Cityview Corporation
LOL JTLP - you will note me message below. You are aware I assume that they gave away a free option with that placement? A free option that is trading currently at about 1 cent?
What would CVI entice shareholders in with? Do you think we should have done a...
Re: CVI - Cityview Corporation
Hi YT,
They are on OTCBB, ASX and Frankfurt. Currently organising for a Dubai listing as well. They have a view of upgrading the US listing from OTCBB to Nasdaq at some point also.
The stock has been heavily manipulated, and there is some risk that the...
Re: CVI - Cityview Corporation
Prawn,
I agree that it is ambiguous, you need to take the company at face value. They have followed through with what they have said in past; minerals, oil, diamonds and funding etc all look like reality, however the structure is still not crystal clear...
Re: CVI - Cityview Corporation
Well, we're in full agreement then 123 - as I said it is not normal for shares to be placed at a premium - people need to know that they are getting a good deal with the placement. In this case, 75 million shares at 22.2 cents in full knowledge that the company...
Re: CVI - Cityview Corporation
CVI do have a clear view, and Angola is one of the most stable counties in the region now. You need to do your research.
Look at the political stability page:
Angola: http://info.worldbank.org/governance/wgi2007/pdf/c4.pdf
Much better than:
Nigeria...
Re: CVI - Cityview Corporation
LOL Pilot - very funny!
Have you actually seen the work?
I'd suggest you have a look at http://youtube.com/watch?v=6z8GHI9_VIo to see his work. If that's not your cup of tea, fine. Then again, perhaps you just aren't a Phil Collins fan?
It certainly...
Re: CVI - Cityview Corporation
LOL
Didn't close at 15 cents, so you're off the hook prawn for calling the breakout on a technicality.
;-)
The truth of the matter is that the share price has done a lot of movement over the last 6 months without an independent "company maker"...
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