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CVI - CVI Energy Corporation

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Re: CVI - Cityview Corporation

Hmmm JTLP you gave me lots to think about,

I have taken a few off the table at 23.5c, I decided that I didn't know enough about the company to hold such a position so decided to half it

I must admit that given the posts I've read the water isn't as clear as I first thought it to be in terms of value

Speaking of posts, I was alerted to the fact that someone has as usual decided to "borrow" my research and put in HotCopper under the thread title "Young Traders on this" or something, surprisingly it wasn't the usuall suspects but rather someone else who wrote "I hope he doesn't mind" if your reading this my friend the correct thing to do would perhaps be to PM me first to discuss? Also as I stated I have never followed CVI closely and what i put up was based on 5mins of research so I hope that is included as I don't want it to appear misleading, anyway as Alan said "Copy and paste artisist" what can you do :rolleyes:
 
Re: CVI - Cityview Corporation

Summary from BRR interview with Mark Smyth

Funding: Playing chess in Africa, you have to think about the black pieces - classic.

Need to work with the natives.

Success requires to be seen as a local company - Angolans have to see CityView as their own.

Looking to CityView to fast track their projects - get the project moving.

The Angolans will end up controlling CityView - a mini-BHP.

Credit risk rating has been upgraded from level 5 to level 3 in Angola.

CVI funding using the "Harvey Norman" formula. We will pay for the funding when we can afford it.

Next milestone will be the completion of the London analysis team. Mark off to London at the end of this week.

Margret River reds will be cracked by Ruth to celebrate.
 
Re: CVI - Cityview Corporation

YT probably shouldn't have listened to JTLP very interesting AGM today. CVI have great plans with the funding.
 
Re: CVI - Cityview Corporation

Hey Kromey I didn't "listen" to JTLP, I took into account what he had to say,

In any event CVI got to my target valuation of 26c (approx) so I took my profits today

I still am confused by the deal somewhat

This stock maybe undervalued and may have lots of upside but for me I need to be able to firmly value a stock (which based on what I could see was 26.3c) as it has reached the level I thought was fair value I sold


Good luck to all


YOUNG_TRADER said:
Hmmm I saw CVI's ann and was trying to make heads or tails from it,

Very complex but here's the little I see

Currently 365m shares +95m 15c options

Will do a 75m placement@ 22.2c = $16.65m cash
Options exercised = $14.25m cash

So Shares Fully Dilluted = 535m (365m+95m+75m)

Cash = $31m
Holding in PENSADOR = $75M
Holding in FORTITUDE = $35m


Total NTA = $140m = 26.3c a share

I think they retain some of their projects too

Interesting
Click to expand...
 
Re: CVI - Cityview Corporation

YOUNG_TRADER said:
Hey Kromey I didn't "listen" to JTLP, I took into account what he had to say,

In any event CVI got to my target valuation of 26c (approx) so I took my profits today

I still am confused by the deal somewhat

This stock maybe undervalued and may have lots of upside but for me I need to be able to firmly value a stock (which based on what I could see was 26.3c) as it has reached the level I thought was fair value I sold


Good luck to all
Click to expand...

Nice trade YT, be interesting when the Caplin Report is realeased to see what the markets think IMO, May even have a figure/$amount attached.

Cheers
 
Re: CVI - Cityview Corporation

YOUNG_TRADER said:
Hey Kromey I didn't "listen" to JTLP, I took into account what he had to say,

In any event CVI got to my target valuation of 26c (approx) so I took my profits today

I still am confused by the deal somewhat

This stock maybe undervalued and may have lots of upside but for me I need to be able to firmly value a stock (which based on what I could see was 26.3c) as it has reached the level I thought was fair value I sold


Good luck to all
Click to expand...

Yo Kromes Homes don't be hatin on this CVI playa YO!

Haha :D Well Kromey your little CVI AGM may have been sailing smooth yesterday, but it seems YT came through with the goods with his valuation.

Me? I just present information that I see fit. See you all at Orthodox Christmas :rolleyes: Oh wait...was that Kwanza Christmas :rolleyes: better just stick to nothing :p:
 
Re: CVI - Cityview Corporation

JTLP said:
Yo Kromes Homes don't be hatin on this CVI playa YO!

Haha :D Well Kromey your little CVI AGM may have been sailing smooth yesterday, but it seems YT came through with the goods with his valuation.

Me? I just present information that I see fit. See you all at Orthodox Christmas :rolleyes: Oh wait...was that Kwanza Christmas :rolleyes: better just stick to nothing :p:
Click to expand...

JTLP not really interested in making a couple of cents i'm in for the long haul. Have been in since 7c last year. Come back to you in the near furure with a different valuation.
 
Re: CVI - Cityview Corporation

JTLP i think you must have bought last year near the peak and lost out when they dropped i suppose it happens to most people all you have to do is get onto the next one. I found this on HC from you......You almost start to believe the hater's on the forum, it almost does seem like its one big farce...HEAL ME T4P...TAKE AWAY THE PAIN
 
Re: CVI - Cityview Corporation

kromey said:
JTLP i think you must have bought last year near the peak and lost out when they dropped i suppose it happens to most people all you have to do is get onto the next one. I found this on HC from you......You almost start to believe the hater's on the forum, it almost does seem like its one big farce...HEAL ME T4P...TAKE AWAY THE PAIN
Click to expand...

Kromey i think you analyze me too much. Can you spell sarcastic for me? I think i was taking the $@%! out of the situation saying to T4P..."give another long spiel on why this had to happen".

I've traded CVI twice. First time made coin, second time still holding and just below my buy in (actually scrapped my buy today but eh).

The problem here is (and not just with CVI) that people only want to hear the positives, and as soon as someone brings a different light to the table, BAM! they have to be a downramper and are the ones holding the stock back.
 
Re: CVI - Cityview Corporation

Looking rather bullish for a red day not many going green today. European Roadshow soon then the USA.
 
Re: CVI - Cityview Corporation

Up 23.3% today :)

I suppose that's not so hard when your SP is $0.17 or so. I did notice that the depth has changed for the better on no news. Would like to see some announcement ellaborating on the $1B funding deal.

I sold a bunch at $0.22 and bought them back at $0.17, so I'm travelling pretty well at the moment.
 
Re: CVI - Cityview Corporation

Hi!

Any CVI holders out there?

I have just joined Aussie Stock Forum,
had enough of all the dribble on HC.
How do you think the market will react to the Caplin Report
(which should be out soon)?

Exberliner are you still here? I know youhave been in CVI
for a while now..

cdebingo@****
 
Re: CVI - Cityview Corporation

Hi I am in CVI too. :)

Dont post much but cehck to posts on Aussie stocks from time to time.

Item E and Items J should be interesting to see.

Top 20 has made a change for the better too

Sskim

:rolleyes:
 
Re: CVI - Cityview Corporation

Good to see the Institutional support shining through. :rolleyes:

One of the brand spanking new holder's decides to drop 14 million from their holding...LOL

Wonder what all the other regular holders have to say about this...;)
 
Re: CVI - Cityview Corporation

JTLP said:
Good to see the Institutional support shining through. :rolleyes:

One of the brand spanking new holder's decides to drop 14 million from their holding...LOL

Wonder what all the other regular holders have to say about this...;)
Click to expand...

Not possible to have sold at market with an average of 15.7c IMO,

waiting on clarification from Global to find out if they were sold to a subsidiary or one of there own customers;)
 
Re: CVI - Cityview Corporation

skiper said:
Not possible to have sold at market with an average of 15.7c IMO,

waiting on clarification from Global to find out if they were sold to a subsidiary or one of there own customers;)
Click to expand...

As first thought, it was an off market transfer, either a tax thingy or not wanting to be more than 5% due to having to always disclose what they are doing:cautious::)
 
Re: CVI - Cityview Corporation

If you haven't already, then it is worthwhile reading this report.

I have remained on the fence with CVI for some time, regretfully :(. However I took a position a short time ago and this Price Waterhouse Coopers report displays why I am now quite positive of the future of CVI and very glad I took a position :D.

In particular this is a good start
"These assets, based on a sum of the parts methodology may be worth between US$182 million and US$296 million. This implies a value of between US$0.42 (AUD 0.45) and US$0.68 (AUD 0.73) per share."

From the website:
http://www.cityviewcorp.com/images/stories/Caplin Analyst Report2.pdf
Price Waterhouse Coopers Report
Wednesday, 18 June 2008
Price Waterhouse Coopers Report: This report includes the research work undertaken by the Caplin analyst team who have been carrying out a comprehensive review of CityView's current underlying value.

The latest company Investor Update presentation is a worthwhle read.
http://www.cityviewcorp.com/images/stories/June 08 Update to Shareholders2.pdf
 
Re: CVI - Cityview Corporation

what links does CVI- Cityview Corporation have with New Millennium Resources Ltd,-NML mininig for diamonds in Angola in recent posts. #100, #101?
 
Re: CVI - Cityview Corporation

mannymanny said:
what links does CVI- Cityview Corporation have with New Millennium Resources Ltd,-NML mininig for diamonds in Angola in recent posts. #100, #101?
Click to expand...

No current links.

Previously, Directors of NML and directors of CVI were directors of a third company called Simba mining.
 

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