CVS 0.00% 0.4¢ cervantes corporation limited

Hi rdncoicAs you say, a picture's worth a thousand words.I am...

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  1. 4,583 Posts.
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    Hi rdncoic

    As you say, a picture's worth a thousand words.

    I am wondering which of Cervantes' tenements yielded the nugget shown in the picture.

    It is certainly not a KFC nugget. Nor, as I wondered for a while, a squashed Ferrero Rocher chocolate.

    Then I realised it is a gold nugget, but that it is has also been used to illustrate gold from Riversgold Ltd (ASX:RGL).

    http://www.*.com.au/companies/news/...t-with-further-high-grade-results-201501.html

    So perhaps it doesn't come from any of Cervantes' tenements. What a blow.

    At your suggestion I also watched the interview with CVS's Marcus Flis at Proactive Investors. What I saw was an account by Marcus Flis of what seems to be a costly exploration programme. The interviewer was little use in probing for the truth. With a fixed smile she just asked Dorthy Dixers.

    I thought about the following points after watching the interview. CVS owes BKP $900,000 within two years. It has cash in hand of only $273,00 according to the last quarterly. I don't know how much of the recent capital raising has already been spent.

    So will CVS be able to afford what Marcus Flis is planning?
 
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