CVY 0.00% 11.0¢ coventry resources limited

open monday, page-2

  1. 2,196 Posts.
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    OpenSeason

    Could go either way.

    SP could slide to the cap raising sp of 22cents short term.

    or

    Investors buy in at the current sp levels, as they can see the very attractive short term $$ growth potential. With the cap raising money to fully fund the acquisition of "advanced, high grade, near term production opportunity", together with other drilling projects about to commence early Feb 2010 there is enough near term action and results due to see the sp stabilise or even grow.

    CVY is also expecting analytical results for the remaining 3 drill holes from their Ardeen Gold Project expected during the next 2-4 weeks. "The Company anticipates receiving results from the remaining three drill holes during February 2010."

    I'm sure the market will be eagerly waiting to see if they are successful as the most recent results were reported as'significant high grade gold mineralisation'.

    Drilling is also just about to start at the McKellar prospect. "A 2,500 metre winter diamond drilling program remains on schedule to commence at the Ardeen Gold Project
    in early to mid-February 2010."

    So, my guess is as good as yours where it will open on Monday, but the short to medium term outlook is very interesting.

    cheers
    Ange
 
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