Q1 totally in line, but takeover is the issueQ1 results were totally in line with the recent pre-release. Cost efficiencies and timelines are on course. But currently, the issue is the probable takeover of Capstone, most likely by X2 Resources, the company operated by former Xstrata CEO Mick Davis. Copper has been weak, though holding in fairly well during the last few months. This is the time that entrepreneurs pounce. The only question is what will be the takeover value. Analysts' targets (without a takeover) range from $2.50 to $3.00, so one would think that would be a minimum bid. The huge volumes on strength over the last several days appear to confirm something is up. This is a time to be patient and hold firmly onto positions. In addition, as the demand/supply environment materially improves over the next couple years, a company like Capstone will be minting cash with copper back to $4.00 per pound. That is what potential acquirers with longer term investment horizons will be focused on when bidding on Capstone or other players in the copper space. The near term future for Capstone should be rather exciting.