Have to admit that I was wrong, never thought we would see CAP below 30c, let alone 20c.
I know we have been over this before but I would like to see CAP put aside around $1 million and buy back around 5% of the issued shares.
This would be a bold move, based on our current cash position, but if CAP management are confident that we will receive $25 million in May next year, we can easily afford to spend $1 million on a buy back.
Plus, we now have "investments" as per the last presso, looks like we got our $2.5m worth of GUF shares at the wrong time in the price cycle. I think they were issued to CAP at around $1.10, now at 91c.
CAP Price at posting:
18.3¢ Sentiment: LT Buy Disclosure: Held