4 to 5 weeks ago, traders started taking positions in CAP, they started getting in at .45 to .50c, their target = release of the JORC. The current sp action just reflects those that are taking their profits imo. That's not a P & D, it's just traders doing their thing.
Fundamentally CAP is sound, sitting on a huge resource that is in high demand and will be for many years, we have cash in the bank + more to come, and regarding BMG not coughing up the piddly $25M? To be honest the thought never crossed my mind. That would be ridiculous imo.
CAP Price at posting:
73.3¢ Sentiment: Buy Disclosure: Held
