INSIDER BUYING & CIBC NAV
As per Canadian Insider ..insiders have been buying last 2 days,as below:
June 23rd Howe 25,000 shares @ $ 3.09
June 24th Godfrey 20,000 shares @ $ 3.00 &3.05
June 24th Pylot 30,000 shares @ $ 3.04 & 3.05
Total 75,000 shares
CIBC has also updated their report on Capstone after giving effect to the latest aquisition .
The report is dated June 17th and can be viewed under analyst reports on your CIBC investor account.
CIBC calculates the current NAV per share at $6.20 U.S.. and calculates the Santa Domingo
project as a positive NAV per share of
.25 U.S.. vs the Calculation of NAV of $ 5.95 U.S. per share
before the transaction. The breakdown to the NAV per share is summarized as follows:
Asset NAV per
Share $ U.S.
---------------------
CASH $ 1.43
COZAMIN 1.11
MINTO 1.22
SANTA DOMINGO(new) 2.28
KUTCHO 0.16
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TOTAL ASSETS-NAV PER SHARE $ U.S. 6.20
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CIBC HAS A 12 - 18 MONTH PRICE TARGET OF $ 6.20 US BASED ON CURRENT
NAV PER SHARE-
I HAVE RECENTLY TAKEN A POSITION IN STOCK IN THE LAST 3 DAYS
GLTA