IMO, this is a great outcome.
Nick and CAP management can now focus on partnering with a respectable company, one which is run with proper corporate governance and acts appropriately.
Hillam saw the potential that Hawsons had and at the time, made an offer that many saw as crazy, some stating that the offer was "to good to be true for CAP". He then had the ability to find a financial backer from Asia but he could not keep his fingers out of the pie and ended up getting burnt.
Hawsons has lived up to expectations and due to his stupidty, Hillam will not be able to participate in the success of Hawsons.....unless he buys CAP on market like everyone else.
With Hawsons significantly derisked over the last 12 months, with our low forecast cost of production, high grades and with iron ore prices remaining strong, CAP is in a good position going forward.
Adios Mr Hillam.
IMO, this is a great outcome.Nick and CAP management can now...
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