re: News: Carpentaria Exploration 2011 AGM pr... Too right there...

re: News: Carpentaria Exploration 2011 AGM pr... Too right there Boofy - great to catch the AGM preso, even if I couldn't be there. It sounds like they've copped a bit of flack for the whole director share plan situation, but I really do think they have to be commended for their capital management. CAP have acquired projects, had a stringent consultation conducted on Hawsons, and have the drill bit at the ground in Koonenberry, all the while keeping the cash balance sitting around the $10M mark. Any other company would have had to conduct a share placement a long time ago; CAP's ability to draw deals that bring funds back into the company set them apart from many other resource juniors.

Nick's strong comment about BMG either being 'in or out' by May next year once again reaffirms that CAP aren't going to sit around and wait any longer once the deadline comes around.

For now, I'm keenly awaiting those nickel and PGM assays!