Coventry Resources (CVY)

Discussion in 'Stocks & Derivatives' started by Black_Sun, Apr 1, 2012.

  1. Black_Sun

    Black_Sun New Member

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    Has anyone looked at this company?

    According to RCR (Resource Capital Research) they are really under-valued, on a cost per oz basis. And their second largest shareholder is "Sun Valley Gold Master Fund", which is a private hedge fund run by Peter Palmedo, who is regarded as being a gold guru. Note that he founded the company just as gold began its bull run.

    The liquidity of these shares is awful, and CVY is also my largest share loss. I sold out July 2011 with a $10,000 loss, but thankfully my big Gold Road profits fully covered the CVY losses.

    This share is still on my radar, as a junior to watch. But after taking the big loss, and watching the lack of trading liquidity, I'm hesitant to dip my toes again. Peter Palmedo is still hanging in there though, so what does he see in CVY??

    Please advise. Thanks.
     

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