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Compass Venture Inc T.CVI.A


Primary Symbol: V.CVI.P

Compass Venture Inc. is a capital pool company. The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company has no assets and has not generated any revenues.


TSXV:CVI.P - Post by User

Bullboard Posts
Comment by rfk67on Nov 12, 2006 1:25am
226 Views
Post# 11665083

RE: why $7.50

RE: why $7.50Of course chgo is correct but I'd like to add that in my experience you get a greater discount on these types of plays when they are based outside of North America and an even greater discount when they are based in areas that some see as potentially unstable. If cvi.a was in India it would be trading higher and if it was in Alberta it would be much, much higher. The fact that it's in Yemen offers a chance to get into a play that has developed to a point where a lot of the operational risk is gone yet the shareprice doesn't fully reflect this. Buying production that is as unrisked as possible behind pipe as cheaply as possible is a very good recipe for making money in this game and cvi.a fits the model. I'm rambling now but the point is that the risk/reward that chgo talked about is very good here.
Bullboard Posts