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Camrova Resources Inc V.CAV.H

Alternate Symbol(s):  BAJFF

Camrova Resources Inc. is a Canada-based mining company. The Company operates in one business segment, being the acquisition, exploration and development of resource properties. It has a minority investment in the El Boleo copper-cobalt-zinc-manganese deposit located near Santa Rosalia, Baja California Sur, Mexico. In addition, the Company intends to investigate and potentially pursue alternative project opportunities.


TSXV:CAV.H - Post by User

Bullboard Posts
Comment by mudguyon Sep 23, 2014 10:00am
175 Views
Post# 22961765

RE:RE:RE:RE:We should see SP rise a few pennies

RE:RE:RE:RE:We should see SP rise a few penniesDon't get me wrong, I like the prospects here a lot and from my buy point the upside is amazing.

However, we have to consider the way the market works.  MMB won't buy anything- a share buyback is crazy and pointless.  It might be at a deep discount, but it comes with risk that they know all too well.  They need to get the mine running and that is no small task.  This is a complex alternative treatment with sea water as the process fluid.  They will have challenges, without a doubt.  I assume they will overcome these, but I doubt it will go as smoothly as we might hope. That will impact both the short term sp and also delay cash flow.   

I think the real sp stimulus will be the signals that commercial production are actually being attained.  That is probably later than the current timelines.  In the meantime, the sp will suffer, a consolidation will overhang, and no one will buy this company out because of the risk that the mine won't meet expectations.  

They won't even give us a certified document to spell out the economics.  What does that say?
Bullboard Posts