CAP 2.27% 4.3¢ carpentaria resources ltd

when is a deal not a deal?, page-4

  1. 36 Posts.
    Did I get the latest announcements right.

    On 30 September 2013, Pure Metals paid CAP $2.9m which was almost three months late.

    On 2 October Silvergate (the same group) mortgaged all their CAP shares for $3 million which I assume cost them originally around $8 million.

    In Hong Kong Cheung other company Dejin Resources was trying to raise around $2 million and they had to extended the deadline of that deal to 4 October but their has been no announcement about this raising being successful or subscribed.

    For a group that is now required over time to fund 40% of $3 billion CAPEX project it does not look good for CAP long term future.

    Perhaps its time for the Chairman to step aside completely.



 
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