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CARPENTARIA RESOURCES LTD (ASX:CAP) - more twists than a hollywood blockbuster., 11514462, page-3 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
CAP 2.27% 4.3¢ carpentaria resources ltd

R36It is true that ASI, Pure Metal, Silvergate have spent a lot...

  1. 36 Posts.
    R36

    It is true that ASI, Pure Metal, Silvergate have spent a lot of money to gain a series of minority interest in one or more entity involved in the HIP.

    It seems that a better strategy would be to make a full takeover bid for CAP but they have been siting around now for 6 months with the diversion of trying to take control of the CAP BOD instead and recently making a low figure offer for the BMG stake while at the same time trying to restrain CAP from exercising their 45 day option at this low figure.

    Perhaps their is a problem about a bid by Pure Metals where if it is less than $13m under the BMG - ASI shareholders agreement there is a problem.

    I agree that if ASI, Pure Metal, Silvergate don't have the funds required to takeover 100% of CAP or perhaps bid $13m for BMG stake what benefit can they bring to CAP and the HIP when it still requires $20-$30m for the BFS and $2.8 billion for a Decision to Mine.

    For these and other reasons perhaps its best to stay with the current management and let them run the company.



 
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