i can see both points here (harry and 5h). have to say that although the bmg fiasco was out of cap's hands, the manner in which the company have failed to publically address the issue has affected its image imho! clearly bmg's woes have been detrimental to cap and i dont think most investors should have been left to find out what was happening on an internet forum! very amateurish imho....nick may say "we cant make comment on bmg matters etc", i think that is bollocks when clearly it has had such a shocking affect on shareholder value!
from an operational perspective i have to say that the cap team have proven that they are great at rolling up their sleeves and getting work done - fast! the pfs was delivered nearly a year ahead of schedule and cap achieved a sensational jorc in only a matter of months.
conglin yue is no fool and there has been no notice to say he has bailed out of cap so imho there is still a lot of hope. quite simply, the market is thinking that cap are going to be in limbo for quite a while yet and the market hates that kind of scenario, hence further downside is possible.
its really almost bizarre that cap are worth less than $40 million when they are sitting on an asset that is going to cost around $2.8 billion to develop!
i would expect that somewhere down the track cap will regain investor favour and redeem itself.
CAP Price at posting:
35.6¢ Sentiment: None Disclosure: Not Held
