CVY 0.00% 11.0¢ coventry resources limited

bullish pattern, page-2

  1. 3,072 Posts.
    RK

    Buyside buildup and the increasing scarcity of sellers supports your view.

    CVY is perfectly set for another leg up with the following set to play out in the next few weeks:

    http://www.coventryres.com/sharelink/429wszcmbsrtlw.pdf

    1. merger with crescent and dual listing on asx/tsx. asx investors notoriously undervalue overseas gold plays. The Nth Amercian market will identify that CVY's land next door to $500 million+ MC Rainy River Resources, and its nearby advanced Cameron project is out of balance with CVY's $30 million MC. The merger and TSX listing is set to be implemented by the end of 2012.

    2. It is no co-incidence that CVY's Rainy River ground is set for a 6000m drilling campaign immediately after the TSX listing, namely Q1 2013. This ground is next door and along strike from the 8 million oz RRR project. The land size of CVY's 132 sq km at RR is similar to RRR's.

    3. With high profile North American brokers Haywood Securities set to spruik CVY to their clients post TSX listing any drilling success at RR will do wonders for the CVY SP.

    4. The Preliminary Economic Study for the multi million ounce Cameron Project is set for release next month.

    No wonder the smart money keeps on buying this at 13-14c. It is worth multiples of that IMO.

    DYOR
 
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