let the comeback begin. , page-7

Definitely a good announcement for CAP holders.

However If the JV fails (most likely you'd think), all I see is a take-over/purchase of Hawsons if anything.

If the BMG JV fails, why would somebody buy BMG's stake for $13 million, pay CAP $48 million in entitlements and then pay CAP's $600 million CAPEX share (according to CAP's free carried 20% capex JV agreement), when they could just take-over CAP for an absolute fraction of the above costs, buy back BMG's stake ($13 million) in the process and run Hawsons themselves and receive 100% of production, as opposed to having 80% to themselves and CAP having the other 20% (even though the company paid CAP's $600 million?

I'm looking forward to hearing from CAP holders, because to my eyes i really see no business incentive what-so-ever in another company buying BMG's JV stake, when if they really wanted Hawsons they could just save themselves hundreds of millions and take-over CAP....

Obviously a take-over (if it were to occur) would be a good thing for CAP holders, but if the BMG JV fails then I think you can kiss any 20% free-carried (capex) JV with another company goodbye.

All imho, if things go CAP's way you could make yourselves a motza.