CAP 2.27% 4.3¢ carpentaria resources ltd

sub 20 cents, page-3

  1. 1,189 Posts.
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    Hi DC,

    Have to admit that I was wrong, never thought we would see CAP below 30c, let alone 20c.

    I know we have been over this before but I would like to see CAP put aside around $1 million and buy back around 5% of the issued shares.

    This would be a bold move, based on our current cash position, but if CAP management are confident that we will receive $25 million in May next year, we can easily afford to spend $1 million on a buy back.

    Plus, we now have "investments" as per the last presso, looks like we got our $2.5m worth of GUF shares at the wrong time in the price cycle. I think they were issued to CAP at around $1.10, now at 91c.
 
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