CVY 0.00% 11.0¢ coventry resources limited

Alex, you asked"At $1700/oz this could easily be a $1.20 but...

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  1. 1,053 Posts.
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    Alex, you asked

    "At $1700/oz this could easily be a $1.20 but instead is sitting at 20 cps. Why the huge undervaluation here? "

    I think the only logical answer has to be that with a mkt cap of only $30m and mkts in "risk off" mode this stock is too small for any major player to be bothered with.

    I feel you are correct wIth your >$1 valuation so either add more here if you have the spare bullets or hold tight and enjoy the ride.
 
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