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cape crushing pty ltd - asset sale, page-3

  1. 539 Posts.
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    Good points Chimera,

    1- Sentiment is low because many may view this as dejavu.
    They did an earlier cap raise, were flushed with cash then proceeded to screw it up in a major way.
    This time appears different because there are actual changes within the company.
    (earlier scenario just rhetoric and status quo ie, directors collecting salary watching a diminishing business & SP)

    2 - 20% above NTA of Cape is say ~32m.
    If Broad negotiates half as well as he did for him own salary we should do well. I'd like 35m+.
    Cape is a solid business with plenty of work in hand.
    Personally would list Cape in a new ASX listed vehicle to pull out maximum value.

    3 - The directors and chairman dipped in to their own pocket. Nothing beats skin in the game.

    Does look reasonably good and wouldn't mind a new investor presentation if Cape is sold, to outline where the company intends to position itself.
    Mav
 
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