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CARPENTARIA RESOURCES LTD (ASX:CAP) - time for a plan, 11249428, page-2 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
CAP
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2.27% 4.3¢ carpentaria resources ltd

FGB,You are 100% correct. The current CAP board got their way at...

  1. r36snowbound
    1,189 Posts.
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    04/01/13
    09:01
    Post #: 11249428
    FGB,

    You are 100% correct. The current CAP board got their way at the AGM and 2013 is the year that they need to deliver results.

    IMO, I beleive Nick has a plan. When I attended the AGM at Brisbane, I was surprised and pleased to see the ASX announcment that Nick had converted 2 million options at 15c, worth some $300,000.

    I don't see how he can't have a good plan for CAP but at the same time be happy to invest $300,000 in CAP.

    The AGM was the first time I have met Nick and he does not strike me as a man that would throw $300,000 at a lost cause or as a man that would have $300,000 sitting idle in a bank account doing nothing.

    Nick also has 750,000 shares in escrow, until 31st May 2013. These shares were issued at 48c and I am 80% sure finance for these shares provided by CAP.

    The rebound in the iron ore price can only help any potential negotiations.

    Whilst the current SP is killing my portfolio, I am happy to hold and see what 2013 brings.
    CAP Price at posting: 19.3¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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