CAP 2.27% 4.3¢ carpentaria resources ltd

looks like silvergate sitting on the stock , page-32

  1. 1,189 Posts.
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    The CAP forum is getting a bit more interesting lately...

    Few points of interst:

    * Conglin Yue has increased his stake in NTU to 19.9% earlier this week. Many people predicting a take over. Mr Yue took over ORM last year, offering a 122% premium to the share price.

    * I remember from the EGM last year that management were expecting to see some results from our tin / tungsten project in late January, early Feb.

    * Our shares in GUF have increased by 70% over the last 5 months to 53c, with some brokers issuing a price target of $1.50 plus.

    * We must be getting close to the liquidator announcing a sale. I can't think of who benefits from the sale process being stretched out...... except for the liquidator earing extra fee's. CAP remains in limbo without details of the sale being announced, the "sellers" are paying more fees to the liquidators and don't recieve the proceeds of the sale. If we don't have a sale by the end of January, something is wrong (IMO).

    * Iron ore back to $150 / t. Despite the arguements regarding the NPV of the project, I am sure we all accept that CAP will recieve a premium for their ore, due to the lack of impurities, so I would hope that their is renewed interests in Hawsons.

    Hi Ed,

    I hope this Hot Copper anomosity comes to an end. I think we all invest in the share market for the same reason..... to watch our investment increase in value and I enjoy having CAP's largest shareholder active on a public forum.
 
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