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
