RE:RE:RE:RE:RE:Why selling with such great news? Sorry, they will not let me manipulate or reproduce the report. It was quite basic with charts and graphs. It indicated CVM is on sound financial ground. It dropped CVM from a 4 to a 3 rating solely on the grounds of price deterioration. A 4 rating is positive. It reported two other analysts have CVM at 4 and a buy rating.
i have ridden with Hinchcliffe in the past with Galway Resources which he drilled to a decent state with a good resource level and sold it off at $340 million. I believe the discovered resource level of CVM is similar right now. This is his track record and it is a good one. A summary of his background follows. The price of gold is much higher now, it is only a matter of time.
"Mr. Hinchcliffe has over 25 years of working in the mining industry and has been directly involved in capital raises and transactions in excess of $600 million. Mr. Hinchcliffe founded Galway Resources in 2005 and went on to raise over $100 million and successfully negotiate the sale to AUX for $340 million and establish two new, well-capitalized, spinout companies. Prior to that, he worked as Chief Financial Officer of Kirkland Lake Gold, wherein the company raised over $50 million in funds to re-commission the Kirkland Lake Gold Mine. Kirkland Lake currently has a market value of approximately CDN$500 million and produces approximately 150,000 ounces per year. He also worked for seven years on Wall Street as a Mining Analyst for Prudential Securities, SG Cowen, and Santander Investment, covering U.S., International, and Latin American mining companies, in addition to other sectors. Prior to that, he spent 4 years working for Jordex Resources in Venezuela where he played a primary role in the identification and then the development of a nickel deposit which was later sold for $65 million to Anglo American."