TSXV:CAV.H - Post by User
Post by
Kamokuon Jul 26, 2012 11:12am
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Post# 20154642
My View of the Bottom Line
My View of the Bottom Line This story is about done.
At the end of the day, it seems that current shareholders will need to contribute $1 per share owned in order to retain only 40% of what you originally invested in. This becomes even more bleak when you factor in the fact that MK will not be contributing their share. If the current shareholders do not contribute then you retain 10% of what you originally owned. I find it quite "coincidental" that the shares have been held to approximately 10% of their pre-announcement value, almost as if the market has already factored in the minimum.
My opinion: don't throw good money after bad. Neither would I sell my currently owned shares at this level. I believe the share price will hover between 8 and 12 cents until final decisions are made as to whether the project will be completed at all. The fate of whatever dollars you leave here are in the hands of the Consortium.
My condolences to you all for being victims of gross incompetence.