It is true that ASI, Pure Metal, Silvergate have spent a lot of money to gain a series of minority interest in one or more entity involved in the HIP.
It seems that a better strategy would be to make a full takeover bid for CAP but they have been siting around now for 6 months with the diversion of trying to take control of the CAP BOD instead and recently making a low figure offer for the BMG stake while at the same time trying to restrain CAP from exercising their 45 day option at this low figure.
Perhaps their is a problem about a bid by Pure Metals where if it is less than $13m under the BMG - ASI shareholders agreement there is a problem.
I agree that if ASI, Pure Metal, Silvergate don't have the funds required to takeover 100% of CAP or perhaps bid $13m for BMG stake what benefit can they bring to CAP and the HIP when it still requires $20-$30m for the BFS and $2.8 billion for a Decision to Mine.
For these and other reasons perhaps its best to stay with the current management and let them run the company.
CAP Price at posting:
24.3¢ Sentiment: None Disclosure: Not Held