CAP 2.27% 4.3¢ carpentaria resources ltd

Whether or not we are back at 20c because of the BMG issue or...

  1. 6,294 Posts.
    lightbulb Created with Sketch. 147
    Whether or not we are back at 20c because of the BMG issue or the markets at large, we got here, and thus its timely that we all give DC a right old pat on the back.

    toph if you have been reading my ranting on here recently about the US economy and where the markets could be headed, then yes, you could be mistaken for thinking I'll be running to the hills at any chance I have. But I should make it clear that one must assess the situation along the way. There is a slight chance of the US yielding the get of jail free card, in which case all of the recent drama will be put on the backburner for a while. If not, then, yes, capital protection measures would have to come into play. As much as I like the fundamentals of CAP, the market will, just like any other stock, take no mercy on this one if things falls to the side overseas.

    In the GFC we saw many of the speccies drop to their cash backed value, which for CAP sits at about 9c/share. Fair to say that none of us would want to be caught sitting silly at those prices hey. Just keep a close eye on the markets. There will be enough warning if trouble is looming. Right now though, we're just in a very volatile correction back to some of the longer term trends as seen in the above XAO chart, and thus I would not neccessarily dive for the sell button as soon as we get a bounce. Take home message is to assess the situation along the way.
 
watchlist Created with Sketch. Add CAP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.