CVY 0.00% 11.0¢ coventry resources limited

full steam ahead , page-18

  1. 3,072 Posts.
    'What do you mean about the week 'window of opportunity' for directors to buy hard man? '

    Hi Mrs P.

    There are certain periods when, under the asx rules, and in relation to issued news flow, directors can and can't buy/sell shares on market.

    We know that this is a CVY buying window from the notices filed today. I hear there will be plenty more notices later in the week, but that their buying window will shortly close.

    draw you own conclusions about why the board are buying CVY with their ears pinned back Mrs P.

    But that fact, and the surging SP and volume, tell you all you need to know about where this one is heading.

    Not many other posters have made much of the fact that the smelter royalty from Cameron has been bought for $5 million late last week. It hasn't been ann'd yet, which is odd.

    Here's a tip on that - nobody would buy a 3% CVY smelter royalty for $5 million unless they KNOW that the Cameron project will make the transition to producer status.

    And if CVY becomes a producer the SP will be 50c+ IMO.

    And that's before they drill their Rainy River Greenstone holding, which may well be worth another $1+ per share to CVY on argonauts peer average of $66 per in ground ounce bearing in mind the neighbours have JORC'd 8 million ounces...

    DYOR
 
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