Lets discuss the facts July'15 - 2 new directors and just after...

Lets discuss the facts

July'15 - 2 new directors and just after previous deals Null and void - so fresh start for Dykes and Dunlop

Background In July, Chapmans made a strategic investment in CMY of $77,500 via the issue of 155 million CMY shares at $0.0005 per share, giving Chapmans a 10.44% equity holding in CMY (refer ASX announcement, 28 July 2015). Chapmans Executive Chairman, Peter Dykes and Executive Director, Anthony Dunlop were both appointed to the Capital Mining board as Non-executive Directors at that time. The strategic investment in CMY is consistent with Chapmans business model to develop a pipeline of value accretive new business opportunities across a range of industry sectors. Since making its investment, CMY has successfully been reinstated to trading on the ASX, and Chapmans looks forward to working with CMY to deliver value for both CMY and Chapmans shareholders.

August'15 - Placement Underwritten by Chapmans 1.4mil @ 1c - Use of Funds CMY intends to use the funds raised from the Offer to fund ongoing exploration at its projects and for the payment of creditors and for general working capital purposes.

October' 15 - Small Placement - 300k @ 1.5c - for working capital

November'15 - Directors buy more shares

Dec' 15 - Placement @ 0.7c - 2.54mil no mention of why.......? For upcoming RTO (IMO) massive change on the Top 20.......


IMO - A placement of that size is very impressive to obtain and something is obviously in the pipelines, in November 2015 they mentioned they were actively looking at 4 or 5 overseas businesses to RTO......

I feel there is probably something close to finalized if they had a number of possible businesses to select from. Whether D4 have left or not doesnt matter IMO.......a good acq will see this one easily bag or more from here.

Happy to buy a pip below the Sophs placement

Almost Equity backed at this level so Risk/Reward looks very good IMO