CAP 2.27% 4.3¢ carpentaria resources ltd

re: Ann: Carpentaria Exploration Newsletter V... I must say it's...

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  1. Dro
    56 Posts.
    re: Ann: Carpentaria Exploration Newsletter V... I must say it's disappointing to see some shareholders taking pot shots at Nick and the Management team.  Share prices in the short term are mostly a function of supply and demand and we saw that in the run up to 44.5c when ASI were buying and we've seen it drop when they have left the bid.

    To compound the drop in share price, Iron ore has gone through a very difficult time as has the broader Australian resources sector.  Fortescue halved in share price during the last six months as did Atlas and these are big producing companies.  CAP has actually outperformed both these companies by quite a lot in that time period.  Why anyone could possible get all bent out of shape over CAP's share price in the context of things is beyond me.  This is new frontier exploration which means high risk and volatile price action.  If you don't like it go buy Woolworths, otherwise put your big boy pants on and enjoy the ride.
 
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