I don't believe they will fold for a second. I do believe though that assets may be sold off or there could be a takeover. This deliberate sell off is not by general shareholders but a broker. I've run the daily buys vs sells. It will head back to 5.5 cents, when is up to the broker when they feel they have bottomed it out. I also believe their are plans behind the scenes with what to do with this company, I still think a takeover is very much a possibility, why to fast track the mine and further provide to market the true value of the other 2 projects which I believe they know and are as big as their prize project. It just takes money and lots of it, so a buyer taking over at a very low entry point around these levels seems feasible. I would stay fast, no point selling out now, wait and see what happens. I will point out and reiterate Marcus did say returns will be long term to holders, same pitch yes but not the same board.
CAS Price at posting:
4.3¢ Sentiment: None Disclosure: Held
