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Capstone Copper Corp T.CS

Alternate Symbol(s):  CSCCF

Capstone Copper Corp. is a copper producer operating in the Americas. It is engaged in the production of and exploration of base metals in the United States (US), Mexico, and Chile, with a focus on copper. The Company, through a wholly owned Chilean subsidiary, Mantos Copper S.A., owns and operates the Mantos Blancos mine, located 45 kilometers (km) northeast of Antofagasta, Chile and the 70%-owned Mantoverde mine, through a subsidiary, Mantoverde S.A., located 50 km southeast of Chanaral, Chile. It owns and operates the Pinto Valley mine located in Arizona, US, Cozamin mine located in Zacatecas, Mexico, and has a portfolio of exploration properties in Mexico. It also holds the fully permitted Santo Domingo copper-iron-gold-cobalt development project in the Atacama region of Chile, 35km northeast of Mantoverde. Through Compania Minera Sierra Norte S.A., it owns 100% of Sierra Norte, an iron oxide copper gold deposit located in Chile's Atacama Region, that spans over 7,000 hectares.


TSX:CS - Post by User

Bullboard Posts
Post by bluesunon May 28, 2009 11:18pm
340 Views
Post# 16025769

my take

my takeIts pretty simple

27 million shares just hit the market at $1.85 - we need to work through this before its going to go up.  The finiancing is for a takeover or merger.  For such an action ,the closing priced is important because its the closing price averaged over a specified time that will determine Capstone 's worth.  With the price jumping at close its my guess that the deal is nearly complete-within 7 or 30 days.

I don't like the SST deal with management losing control of the value of the gold and silver, but it is a lot more money for Capstone and you can bet on the fact that they'll dump the stock to get at SLW for playing hardball with them.



Bullboard Posts