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CARPENTARIA RESOURCES LTD (ASX:CAP) - Ann: CAP Quarterly Report and Appendix 5B to 31 D, page-3 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
CAP
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2.27% 4.3¢ carpentaria resources ltd

Ann: CAP Quarterly Report and Appendix 5B to 31 D, page-3

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  1. tigernewt
    55 Posts.
    lightbulb Created with Sketch. 2
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    30/01/13
    07:09
    Post #: 11349340
    re: Ann: CAP Quarterly Report and Appendix 5B... I think the scenario is now pretty simple. Either you have faith in the board and believe Hawsons is every bit as good as they tell us it is or you don't.

    If you don't then there is no reason to be holding this stock.

    If you do then deal with the price volatility, including more downside from here until the day of the announcement of the new JV partner. That saying "it is always darkest before dawn" seems appropruate here.

    Despite the share price I do not believe the board has failed in its duties to date. They are under extreme pressure to deliver but they should ignore the noise and complete the task at hand.

    TN.
    CAP Price at posting: 18.3¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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