CVV 0.00% 19.0¢ caravel minerals limited

Questions arise now that FQM is no longer JV partner. - Will FQM...

  1. 222 Posts.
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    Questions arise now that FQM is no longer JV partner.

    - Will FQM cross trade their holdings to another party?
    - Will CVV find another mid-tier for another farm in agreement?

    With around $500k in the bank and expected burn of $250k this quarter, they will need to raise more cash soon. At what price will this be done at - we will find out soon enough.

    With 69M SOI, they have good room to run. I wonder if the Board will do a nice little discount raise to look after their tight-knit group including the infamous Bob Healy.

    A CR at 4.5c will give an EV of $3M, arguably a touch above pure shell value.

    Final question will be: is it likely for copper to run in the next 12 months? We will see.
 
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