Mr Yue has invested 21m shares in MGX 4.9m shares in Atlas iron 7.2m shares in Golden West Resource 10.2m shares in CAP (bought from 23 April to last friday, maybe more to add)
He is definitely a long-term investor. He keep buying at 58c, showing his confidence on CAP.
I reckon sharp pullback due to overall market sentiment. As we saw, volumes were very thin last two days, it mainly from exit of day traders. Long term holders were adding up more.
Median term target : 80c. 50-60c will be reasonal for now as Mr Yue bought 5.2m shares at an average price of 55c.
CAP Price at posting:
43.6¢ Sentiment: ST Buy Disclosure: Held