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Research Note – Coventry Resources

Please see our News page for the latest research note on Coventry Resources Ltd (CVY).
Coventry Resources (CVY) is an ASX listed gold junior on the brink of developing its advanced Cameron Gold Project in Ontario, Canada.

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August 19th, 2010 by admin

Research Note – BSE

Base Iron Ltd (BSE) research note by Cygnet Capital.
BSE is rated a Buy with a valuation price of $0.34 (current share price $0.09).

June 28th, 2010 by admin

Research Note – NEC

Northern Energy Corporation Ltd (NEC) research note by Cygnet Capital.
NEC is rated a Buy with a valuation range of $1.96 to $2.80 (current share price $1.11).

June 15th, 2010 by admin

Investor Alerts

Coventry Resources Ltd (CVY)
Shares on issue: 68m
Options on Issue: 28m (20c, 30/4/2013)
Fully Diluted market capitalisation: $28.5m
Cash ~ $6m
Enterprise Value (EV): $16.5m

Administrators were appointed to Mobilesoft (MSO)in August 2007

In October 2008, Cygnet Capital in conjunction with Steinepreis Paganin was the successful bidder in a reconstruction proposal to raise $1.8m

In June 2009, Cygnet Capital raised a further $2m for working capital and to assist in the evaluation of new opportunities for the company

In July 2009, the securities of MSO were reinstated to official quotation following the settlement of the deed of company arrangement (DOCA

In August 2009, MSO announced the acquisition of Coventry Resources Limited. Coventry has the rights to the Ardeen Gold project and surrounding areas located in Ontario, CanadaIn September 2009, the company changed its name to Coventry Resources Limited

In October 2009, Cygnet Capital managed a $5m capital raising for the company @ 20c. The issue closed oversubscribed.

In December 2009, the company announced exceptional HIGH GRADE drilling results from the Ardeen Gold Project

Cygnet Capital is of the view that CVY represents an high leveraged, cheap entry into an emerging high grade gold producer

December 15th, 2009 by admin

Investor Alerts Post

TBA

September 9th, 2009 by admin

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