Ann: CAP Investor Presentation, page-4

Agree 100%.

With the iron ore sector looking extremely sick, I do not see anyone agreeing to finance Hawsons.

I also don't see how a CR would be supported by holders.

Once the cash at bank is exhausted, I fear CAP will simply become a corporate shell for sale, available to those who wish to list on the ASX.

Amazing how the landscape changed over the last few years in the iron ore relm and cap made itself a one trick pony.