There are four scenarios I can see as possibilities in the short term (2/3 months).
1. BMG insolvent and CAP / BMG contract null and void. Chinese negotiate a deed of arrangement with administrator and retain 40% Hawsons stake and renegotiate a CAP deal ( maybe a better deal given other parties are out there)
2. Couglin Yu and AGO bid for CAP while the BMG saga keeps CAP uncertain.
3. Hughendon Stake sold post JORC released
4. BMG resolved with hilliam arrangements significantly reduced and the chinese seize control and on we go.
Either way CAP in my view is a buy
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There are four scenarios I can see as possibilities in the short...
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