CVI - CVI Energy Corporation

[dj_420]

Re: CVI - Cityview Corporation

just wondering has anyone been able to find out exactly how much of thes oil is CVI percentage?

if it is 20% id say this company is very undervalued

 

[krisbarry]

Re: CVI - Cityview Corporation

Well pommie, the gap is filled and Daggs, merely profit takers, this is going to go off IMO, a lot of people are talking 50c short term, so time will tell

Can you give a source for your information?

A lot of people? who?

50 cents would be nice, but come on!

 

[krisbarry]

Re: CVI - Cityview Corporation

Announcement just out

SIGNIFICANT COPPER MINERALISATION CONFIRMED AT CATABOLA

CityView Corporation Limited (CityView) has confirmed that heavy mineralised
copper zones exist within the Longonjo Metals Project in Angola.

These assay results, drawn from selective channel sampling of all of the old
exploration adits at the Catabola prospect, will be targeted during the current
drilling program.

CityView conducted channel sampling of 4 adits, representing approximately
230m of continuous sampling.

The assay results were very encouraging, with the best results coming from
adit 2 which cross-cuts the entire mineralised zone at Catabola (see Table 1
for grades and Figure 3 for location of samples within adit 2).

Sampling revealed an average of 84m at 0.81% copper in adit 2 within which
exists a richer zone of 48.2m at 1.21% copper with a peak of 4m at 4.7%
copper in one of the breccia zones.

CityView’s consulting geologist, Mr David Furlong said “These obviously are
seriously good widths at these grades. The previous surface soil sampling
results together with the results from our Phase 1 program are beginning to
build a picture suggesting that the mineralisation sits within a corridor about
1km wide

 

[Pommiegranite]

Re: CVI - Cityview Corporation

Announcement just out

SIGNIFICANT COPPER MINERALISATION CONFIRMED AT CATABOLA

CityView Corporation Limited (CityView) has confirmed that heavy mineralised
copper zones exist within the Longonjo Metals Project in Angola.

These assay results, drawn from selective channel sampling of all of the old
exploration adits at the Catabola prospect, will be targeted during the current
drilling program.

CityView conducted channel sampling of 4 adits, representing approximately
230m of continuous sampling.

The assay results were very encouraging, with the best results coming from
adit 2 which cross-cuts the entire mineralised zone at Catabola (see Table 1
for grades and Figure 3 for location of samples within adit 2).

Sampling revealed an average of 84m at 0.81% copper in adit 2 within which
exists a richer zone of 48.2m at 1.21% copper with a peak of 4m at 4.7%
copper in one of the breccia zones.

CityView’s consulting geologist, Mr David Furlong said “These obviously are
seriously good widths at these grades. The previous surface soil sampling
results together with the results from our Phase 1 program are beginning to
build a picture suggesting that the mineralisation sits within a corridor about
1km wide

Are these grades any good?

Sampling revealed an average of 84m at 0.81% copper in adit 2 within which
exists a richer zone of 48.2m at 1.21% copper with a peak of 4m at 4.7%
copper in one of the breccia zones.

 

[krisbarry]

Re: CVI - Cityview Corporation

Not as good as CDU's but well on their way. Market depth has increased this morning and looking foward to a pretty spectacular open.

CVI has some nice resources...Oil/Gas/Uranium/Gold/Copper/Precious Metals

 

[skiper]

Re: CVI - Cityview Corporation

Not as good as CDU's but well on their way. Market depth has increased this morning and looking foward to a pretty spectacular open.

CVI has some nice resources...Oil/Gas/Uranium/Gold/Copper/Precious Metals

I think tomorrows open will be just like today, this is what they call BLUE SKY

To free carry or not to free carry is the question!!

Stop the clock, 40-50c may have been downramping, time will tell, hopefully, not long before the brokers jump on board, and everyone who already isn't, smashed through big resistance of 16c today, has stopped there 3 times in as many years from memory:jump:

 

[kromey]

Re: CVI - Cityview Corporation

Great news just out http://imagesignal.comsec.com.au/asxdata/20071003/pdf/00765899.pdf Doubled their interest in Cameroon oil.

 

[gfresh]

Re: CVI - Cityview Corporation

SP didn't react however to the ann, I thought it would. Bit disappointing.. Let's hope it picks up tomorrow...

 

[skiper]

Re: CVI - Cityview Corporation

Nice consolidation going on currently, it won't take much for it to keep going, a further update or some reasonable money/volume again, won't be too far away.

Not unreasnable for a stock of this quality in its infancy:alcohol:.

 

[skiper]

Re: CVI - Cityview Corporation


I'm hearing from somebody who( when they called it last week it happened this week as stated- that is 2 announcements) is saying that next week we should go past 25c with the best news yet to be announced and loaded up today after selling earlier in the week.

Be interesting to see whether it comes into fruition, I don't want to be seen as ramping because i posted i purchased heaps when they were below 8c, so don't need to IMO, just saying it how it is for those that are sitting on the fence, good time to get in due to some big buying this week at market.

Obviously there are going to be less shares traded as time goes by, more investors :bananasmi higher highs and higher lows with the top 20 holding most:kiffer:

 

[skiper]

Re: CVI - Cityview Corporation

For those following the action, closed on its all time high today, major breakout looks set to occur tomorrow or next week, where this stops is anyones guess, how longs a bit of string.

Would not be surprised if an announcement is released shortly with real substance which may push this similiar to others of recent times, nice for this to come while its travelling into Bluesky territory, got in under 8c when i first posted on this thread and topped up this week at 17 and 17.5c I'm feeling so good about it.

Those that have been watching very carefully will know what I mean

 

[skiper]

Re: CVI - Cityview Corporation

20c nearly taken out and then we're off and the real competition begins, don't get left standing in the buy line, i bet a lot of people are watching this unfold this morning

 

[Sean K]

Re: CVI - Cityview Corporation

Skiper, please do not post any price targets or expectations without some analysis. Further posts with sp projections without attempted analysis will be deleted without notice. A mate telling you it's going somewhere is NOT analysis. Cheers, kennas

 

[gfresh]

Re: CVI - Cityview Corporation

here we go..

Breakout with strong volume shown today.. intraday for last 5 days attached shows clear movement upwards.

 

[skiper]

Re: CVI - Cityview Corporation

cvi keeps going from strength to strength.............,

its not often a co releases options and they are already in the money...............



and to those that continue to watch

 

[skiper]

Re: CVI - Cityview Corporation

Valuation for CVI BY T4P on that other forum - Hope this helps those still watching

The value here is literally a million dollar question for many of us...

Or multi-million for some.

I have suggested people study the NDO equation...this was not a throw-away line, but a well equated comparison at so many levels.

NDO is currently enjoying a $300m+ market cap...interestingly, this is still not much better than what they were on some 12 months ago. They are drilling now and will soon be in production, but as is the nature of such genuine projects, "value" is bought forward in terms of market cap some 12 months or more, in order to help the viability of things, reduce dilution in subsequent equity raisings, improve the attraction for funds and larger investors, insto's etc...to bolster a support base…and ultimately, to ensure project success.

Higher prices…a premium to “fair value” as it were…in may ways is a sort of insurance policy for all those who are in to make it happen.

Sadly however, once this initial forward value is built in to a level commensurate with projected ideals, the stock often sits and stagnates sideways until the next significant set of circumstances kicks in. We have seen NDO trade sideways for about a year now…manipulated all the way by those with the means to do so…but this will soon change.

NDO has based their value model on extracting cash-flow from an existing unloved project, now extremely viable due to the shifting oil equation, in order to fund a wider more diverse growth strategy (in NDO’s case, this is focused on the Philippines). As part of this strategy, they have effectively wined and dined those that matter at many levels, government, corporate, business…to set up the next phase of the development expansion and in the process, facilitate a network supportive of significant value add to their first mover status.

In short, NDO has punched way beyond their weight. They have been able to do so only because of the calibre of their management and in-house expertise…and of course, the significance of their assets.

CVI is in many ways a mirror image of NDO, except they are based in the more attractive “low fruit” Angolan/Cameroon oil/gas theatre.

Cameroon to CVI is the equivalent of Galoc to NDO. It will ultimately provide cash-flow to fund an expanded and much bigger presence in the region...and a much wider business model…a scenario representative of their relative first-mover status.

Like NDO, CVI too are punching way beyond their weight...the common denominator being the calibre of people on board!

In CVI's case however, Cameroon is likely to be 5 times more valuable to them than NDO's Galoc...and CVI's Angolan/Niger Delta ground will be, in my opinion, significantly more attractive in terms of premium to the share price and possible bang for your buck than NDO's blocks SC54 and SC58, or even Linapacan A and B.

All these projects are highly attractive by the way…but CVI’s middle east incentive will see far higher premiums ensue in my view. I also do not see the same sort of external influence impacting CVI’s Smythe and crew that NDO’s Whitby and co have had to deal with/

When all is said and done, the overall upside for CVI in my view is about 5-8 times that of NDO...all things being equal of course! This is perhaps a big statement, but as I see it, equal luck applied to both Companies, given their obvious in-house capacities and particular ground positions, should eventually see such a balance eventuate.

CVI's oil production from Cameroon alone, assuming current plans are implemented, would see them producing some 1.6mmbls (net) per year at peak production levels (about year 4). This compares to a peak of some 1.2mmbls net to NDO when Galoc hits planned peaks.

Importantly, Cameroon reserves are about 5 times that of NDO’s Galoc, meaning the likelihood of a larger development programme (stage 2?) and eventual increase in production…or simply longevity of production are than much greater.

Cameroon also has significant gas potential however...and unlike NDO's Galoc, can actually be economically piped just 13km or so to the Quest sponsored gas fired power station. Stated production capacities equate to an additional 300k barrels oil equivalent per year (net) to CVI, bringing peak production to almost 2m barrels per year oil equivalent in year 4!

These are not exactly small numbers…and whilst most small caps looking at such numbers might attract healthy scepticism, the quality of people involved here, at the very least, commands a second glance.

We have not even looked at Angola yet…not the Niger Delta…or any other left of field developments that tend to happen when you are as well networked in this part of the world as CVI appear to be.

Shall we even bother to discuss Catabola? This looks to me like a very high quality, very serious proposition…and one which could surprise to the upside significantly. For BHP to have even suggested in passing they are “watching”…is indication enough that at least a few in the know view that a significant mineralising event has taken place.

One decent intersection here…and results to date support such a prognosis…and we could see the current market cap barely reflective of this asset all by itself…let alone all else that is going on.

Clearly, CVI’s focus however, is and will be oil and gas…so we can look forward to an eventual spin-off of their metals assets at a later date…not until some form of “value” can be assessed I would suspect however.

My view is CVI will eventually see an expanded register of some 500m shares…but at that time will be fully funded to first production at Cameroon, have extensive seismic and perhaps maiden drilling campaigns underway at both the Angolan and Niger Delta ground positions…assuming they get both?

At $6, we would be looking at a $3b company…with development success at Cameroon and potential dividend payments underway, and exploration/development success at either their Niger Delta or Angola ground, or both…and with a decent discovery and spin-off completed at Longongo and/or Ucua, a net return to shareholders of some $6 within say 4 years is not out of the question.

In the meantime, we are witnessing the transition of the company from basket case to real chance…and with it the associated corporate positioning/manoeuvring typical of such scenarios…including the much maligned musing of some of us little old shareholders.

Get in early…build up a safety profit margin, or even sell down to a free-carried position if you so choose…but try to exercise some level of intellect in your day to day behaviour here that does not see you give away a good position to those who will use every dirty trick in the book to get you to do so.

I have a reasonable position in this now…and whilst I feel the share price has a considerable way to go, I will likely still sell a small number at each of the round number levels ahead from 40c up…50c…60c…and so on, but only in small numbers on the appropriate days, until I have reached an eventual number I am happy to run with indefinitely. This is both prudent and sensible in my view…and something I urge all people to consider with all stocks they hold.

Being prudent does not always mean to sell however…sometimes it means to hold, or not trade…or indeed by. Again, we need to excise intelligence at a fundamental level when making such decisions.

 

[Wysiwyg]

Re: CVI - Cityview Corporation

Sheeesh pommie.....CVI sentiment overcome the general market drop last Friday and powers on.I shut myself out on Friday `cause of the 200+ point drop on our market and what do ya know.`Soon as you throw the higher they go`.Good on ya .

I must admit how quietly disappointed i am about missing another multibagger after a .065c entry and .098c exit.Todays price 30c. Never in my wildest dreams do the shares i hold multibag.This share market experience sure is strange.

 

[skiper]

Re: CVI - Cityview Corporation

I must admit how quietly disappointed i am about missing another multibagger after a .065c entry and .098c exit.Todays price 30c. Never in my wildest dreams do the shares i hold multibag.This share market experience sure is strange.

:

Wysiwyg, it almost feels as it was back when we started posting, just me and you lol..

Sounds like a few others may have sold a little short also, or may have stuck them in the bottom draw(always a little dangerous with a stock like this IMO) Get onto Peter McNeils (THE OPTIONS)if you want a multibag

Be interesting where this will end up with listing in Dubai but a formality, options coming out shortly, well in the money already, and, most of all, the momentum just keeps building getting bigger and bigger by the day, unlike a few other penny dreadfuls like rmi, etc, etc.

 

[michael_selway]

Re: CVI - Cityview Corporation

I must admit how quietly disappointed i am about missing another multibagger after a .065c entry and .098c exit.Todays price 30c. Never in my wildest dreams do the shares i hold multibag.This share market experience sure is strange.

Hi any reason why thsi stock has moved up so much recently?

thx

MS

Earnings and Dividends Forecast (cents per share)
2006 -- -- --
EPS -5.0 -- -- --
DPS 0.0 -- -- --

 

[skiper]

Re: CVI - Cityview Corporation

michael, can i suggest you go back and read some announcements, the potential is huge with what they have going on, volume today and the spike are an indication of bigger and better things taking place

Mangement is the key with this company IMO, licenses in oil rich Africa, the Copper which is up to 4%, the Uranium, Gas, etc, etc,etc you get my drift, a finger in a lot of pies

Momentum just keeps getting bigger and bigger by the day ROFTL

Hope this helps as a starter