CAP carpentaria resources ltd

so, where to today???, page-21

  1. 10,113 Posts.
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    I am not a great chartist but to me the CAP chart is starting to look very good. A triangle is forming that looks like a big breakout could happen any day - most probably just prior to announcement on Friday.

    Turnover has dropped substantially which is what we want because all the short termers are taking their loss and moving on.

    Great support at 40 cents.

    Despite director selling, the fundamentals to this are just too compelling. If they prove up the resource by August and we will get a good idea of this well before then, then we are talking dollars. Also, as other posters have mentioned they have a whole heap of other good stories to come ( I particularly like the coal as I know of one of jv partners now looking to raise capital for a float that would be substantially larger than CAP is currently).

    Lets face it the current market cap is about $40 mil which is nothing for whats in the bag and whats coming.

    Downside from here is limited. Its all upside.
 
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