The concealment of the buyers identity is very interesting?Who...

The concealment of the buyers identity is very interesting?

Who are these masked men that are so certain that CVY are going to become a gold producer that they have paid $3.1 million for a 1% Cameron Smelter Royalty?

And have they paid so much to ensure nobody else gets it?

Why?

Today's ann:


'SALE OF ROYALTY ON CAMERON GOLD PROJECT

Coventry Resources Limited (ASX:CVY; “Coventry” or “Company”) wishes to advise that it has granted Nuinsco Resources Limited (TSX:NWI; “Nuinsco”) consent to proceed with the sale of its royalty interest in the Company’s Cameron Gold Project to an unnamed third party for C$5.1 million.

When Coventry acquired 100% of the Cameron Gold Project (“Project”) from Nuinsco in April 2010, Nuinsco retained a 3.0% net smelter return royalty interest in the Project (the “Royalty”).

Coventry retains the right to buy back 2.0% of the Royalty at any time before 20 April 2015 for C$2.0million cash or by issuing C$2.0 million worth of Coventry shares.
For and on behalf of Coventry Resources Limited

Michael Naylor
Managing Director & CEO'