5h,In your heart of hearts, if you believe Hughenden is a...

5h,

In your heart of hearts, if you believe Hughenden is a blockbuster asset then you have to concede that CAP management effectively signed 80% of this asset away for peanuts.

When you see quality coal assets being sold off to overseas investors for hundreds of millions of dollars, blind freddy can see that the CAP management team have been caught with their pants down on this deal.....

For what its worth i truely believe CAP is fundamentally undervalued now & i think that largely because of their Hughenden stake. Ref Hawsons/Magnetite, it concerns me now that there are a lot of good Magnetite projects popping up around Australia at present and most seem to be struggling with CAPEX. I have read a lot about the industry trying to get Magnetite exempted from the RSPT & i think that is going to be crucial for the future of Magnetite mining in Australia.

Apologies for the negative posting but the truth is that i have lost a hell of a lot of respect for the CAP management team - their handling/lack of disclosure of the BMG fiasco really makes me think none of them are worthy to be running a public company. If my opinion re giving away Hughenden for such a low price is correct then that is further evidence supporting this theory. No disputing they are damn good in the field but it is my opinion they are corporate dunces.