Post by
honkytonkgirl1 on Sep 30, 2023 2:08pm
PP closing, historically low # of shorts, news....
The general market conditions have been exceptionally brutal and almost all Juniors have suffered terribly, Capella being no exception. It appears we've been through the worst and are ready to move up. The PP will close very soon and we should seen additional news on multiple fronts that will take us higher.
It's important to understand that the low shareprice has nothing to do with either the project portfolio or decisions made by the company. (All good in these departments: it's the general market that has caused the decline.)
Remember that in the past FruchtExpress has been buying steadily in LARGE AMOUNTS and they are now the biggest shareholder.
They bought ON-MARKET the 19% in Capella JUST ON THE STRENGTH OF THE COPPER PROJECTS IN NORWAY!!!
(Fruchtexpress has bought most of their shares in the $0.10 - $0.13 range, way above today's shareprice!!!)
Capella have sold one of their landpackages to Teako recently and I believe they're not done re-arranging their impressive project-portfolio and monetizing some of the assets.
News soon on multiple fronts, shorts at an historic low, and when the PP finally closes the time is right to move up!
Holding with confidence,
HTG