CMM 0.78% $6.49 capricorn metals ltd

Ann: Board Changes, page-15

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  1. 227 Posts.
    lightbulb Created with Sketch. 35
    Absolutely right Esh!... Regarding their "intention" to take on USA assets at such a low A$ ... I rather fear for current RRL shareholders, as he stated:
    ...“Clearly Regis would be doing the same thing, looking for North American open pit opportunities if you can get them at the right valuation and you could potentially look for projects where you could develop the project cheaper or bringing your skill set to bear to add value. ..."
    There were much bigger eagles (BHP, RIO, etc) buying with fanfares american assets just to write off billions of shareholder money few years later...
    If we reached the POG bottom or not at the current $1705 p/oz we are on a winner here...
    Regarding their "their skills to add value" I've experienced myself at a great loss... when they could not even think about safeguarding their open pits against flooding or purchased the assets in NSW without any approved water permit... etc, etc...
    Anyhow I have added more of CMM to my holding on the weakness on Friday and looking fwd to the "revitalised" board decisions...
 
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