CVY 0.00% 11.0¢ coventry resources limited

Still holding heaps of OVR and my average is low so I'll...

  1. 12,893 Posts.
    Still holding heaps of OVR and my average is low so I'll probably make some decent money out of them when they finally do move. You are correct that the management pissed off a lot of shareholders when they diluted the crap out of the company having previously indicated that they wouldn't do so.

    As for Haynes I really don't have much knowledge about him other than that he is a qualified geologist and Chairman of OVR. As far as I am concerned the buck stops at the top in terms of looking after the interests of all shareholders and this clearly didn't happen at OVR. I would need to meet with him personally and as a lot of questions before I'd be prepared to build a much larger stake in the company.

    CVY does look like it has great potential based on what they already have but I need more information about proposed mining methods and costs to make an informed assessment. That is what I'll try to obtain in coming weeks. I might even fly over to Perth if I can organise a face to face meeting with Haynes.

    Cheers and good luck.
    Aksier.
 
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