So this morning we get our quarterly, which seems to re-hash some old news and to be honest, hasn't said anything that inspiring.
I for one have been very interested in the Glen Isla gold project, especially with gold above $1600.
After speaking with management a few weeks ago, I was told that there would be an update on this project in the upcoming quartley.
CAPs quarterly report for Glen Isla: "Results from drilling in the June quarter will be compiled and assessed by our joint venture partners". The partner is RMS.
20 minutes after CAP release their quarterly, RMS release theirs. RMS say: "Given the dissapointing drill results, Ramelius elected to withdraw from the Glen Isla farm in agreement".
So I guess CAP will have to make another announcement about this....... Was CAP trying to hide this? Why could CAP not be upfront and say that the farm in had been canned?
To CAP management: You did such a great job guiding CAP through the GFC, sharholders held you in the highest respect. Don't loose that respect and don't ignore the elephant in the room which is BMG.
You need to do a better job at keeping us informed.
CAP Price at posting:
29.7¢ Sentiment: LT Buy Disclosure: Held
