CAG - Cape Range

[nioka]

Re: CAG - Cape Range Wireless

(particularly in the past, hence the 'rebirth'..)Buster

I don't think you have the right angle on a rebirth.

To start a new company and get listed on the stock exchange is a long and costly process. It is common place for a new company project to be started by taking out a cheap ( cheap because it is failing and going out backwards) company that is listed and registered. The rebirthed company then usually has NEW directors, NEW objectives and to all intents and purposes is a NEW business WITHOUT ANY of the previous baggage.

To keep talking of the companies past is a complete waste of time.

 

[Ashsaege]

Re: CAG - Cape Range Wireless

Not much Volume for CAG lately, though someone picked up a few today for 1.1cents. Back up to 1.6cents now.

 

[Ashsaege]

Re: CAG - Cape Range Wireless

CAG continues to decline on very small volume. Probably on a couple trades a day. Cant wait for the buying pressure to pick up

 

[Datsun Disguise]

Re: CAG - Cape Range Wireless

CAG recently announced a change to the purchase arrangement of Metro. Now the $400k is buying 100% of Metro, with an additional $5m payable upon a JORC resource of $10m tonnes, then another $5m upon sales of $1m tonnes. Sounds good, but I wonder what they found in the DD to prompt such a radical re-negotiation?

They have also moved mining operations to another area as the first (perhaps rushed?) attempt proved sub economic. SP now offered at 0.9, bidding at 0.7c.

Tempting....

 

[sam76]

Re: CAG - Cape Range Wireless

so these guys have come out with a cap raising at 1 cent while the price is at .005 cents?

Also free options attached as well?

It seems strange to offer a raising at twice the current share price????

 

[Datsun Disguise]

Re: CAG - Cape Range Wireless

Looks to me like CAG's prospects are looking rather gloomy - sold 3000 tonnes of coal for $144,000. Looking for new opportunities and a JV partner to ease financial burden.....

Don't think the langauge is all that positive atm....

 

[Datsun Disguise]

Re: CAG - Cape Range Wireless

Announcement for $1m share placement and an update on Arcadian and 'Indonesion Operations'.

Indonesian Operations
As part of the Company’s continued focus in its existing technology sector and as mentioned above, the Board intends to reduce its investment interest in its Indonesian operations and will be looking towards restructuring the transaction with its Singapore subsidiary, Metro Consolidated Resource Pte Ltd in the near future. The Board has formed this view in light of the current environments and challenges faced in funding the operations in Indonesia. Further details will be announced as they materialise.

Sounds like the coal business has turned out to be a dead duck - the rest of the announcement talks about an IT services acquisition......

Is there a Strategy here? Sounds like shots in the dark.....

 

[Buster]

Re: CAG - Cape Range Wireless

Hmmmm..

Capital raising, share placements, 'impending' announcements... all sounds soooo familiar.. I guess they got to raise capital so they can continue paying the board members, and keep them in the manner they've become accustomed..

Sounds like the coal business has turned out to be a dead duck - the rest of the announcement talks about an IT services acquisition...... Is there a Strategy here? Sounds like shots in the dark.....

Surprised about the commodities venture not working out?? Wow, another bubble area burst, looks like IT just might have some legs again soon, so back to IT it is.. I'm tipping they are working on some gadget that will enable the NBN to be rolled out in record time at very low cost, therefore promising to make a motza when, of course, they win a contract!!

Bunch of bl**dy crooks I say.. But, talking about the past performance of a company is a complete waste of (everybody's) time apparently.. or so I've been told..

Anyway, good luck to those willing to get in or hold this one.. I note it's still listed on the ASX, that's gotta be a good thing I guess..

Regards,

Buster

 

[binginbarrel]

The new Cape Range

So now that CAG has been rebirthed and done a 25:1 consolidation where are we off to next?

There`s the Lithium MOU,

The area has economic potential for pegmatite related minerals, especially lithium. Within the EPO there are some outcrops for pegmatites and old claims for monazite, a rare earth mineral and this is usually associated with lithium. Some of the past old workings have been worked for pegmatite minerals in the area for example; the Casa Ventura mine is in Goromonzi where lepidolite was mined between 1957 and 1981 with 606t and the Mistress Mine produced 1,677t of lepidolite (lithium bearing mica) and 80t of spodumene (lithium silicate).


the Platinum MOU
The exploration work by Cluff delineated a reasonable geological continuity that outlined two steep to flat dipping platinum-palladium bearing sulphide zones that is 7km along strike and 4km in width. These zones are 4 to 5 metres in thickness and grades up to 1.2 g/t PGE (Platinum + Palladium).
It must be noted that the platinum projects within the Great Dyke have other credits, for example, on average for every ounce of platinum ounce in the resource, an additional ounce of platinum-equivalent value is contained in the resource in the form of palladium, rhodium, gold, nickel, copper and cobalt.

and the gold is still there,
The Inez Mine is currently producing gold from the surface sands and supergene/saprolite zone,
down to a depth of about 12 metres. The Inez Mine was recently commissioned and has
produced about 800 ounces of gold for the months of July and August.

Divide the 40 odd million shares on issue by the mix above and there`s the current market price. With the gold production alone I get a back of the envelope figure of 15c per share.

So any idea when this comes out of suspension?

 

[binginbarrel]

Re: CAG - Cape Range Wireless

Thought I would pop in to reignite the ol Cag thread.
All of the above posts are meaningless from here on.

Phillipines gold mines are the latest subject for those who are in the dark.

Think of it as a completely new company hey?

When they will trade nobody knows. I have $20k floating in nomans land, or should I be saying I have lost 20k?

 

[System]

On March 24th, 2016, Cape Range Limited (CAG) was removed from the ASX's official list pursuant to Listing Rule 17.12.

 

[greggles]

It's been a long time since there's been any discussion about Cape Range.

Starting on 9 July, the CAG share price has risen from 25.5c to 45c today. On 10 July the company announced that Phase 1 of the its cloud based accounting software package, Biztrak Online, has been completed on time and under budget and that the company will now move rapidly towards its launch.

I don't know anything else about this product, but thought the recent share price increase was an interesting development.

 

[greggles]

CAG now up to 50c.

First time I've ever seen no sellers at all in the market depth. The lack of sellers may help explain today's share price increase.

 

[barney]

Another Software/Services Company …

The Sector is being worked over big time by the "boys in the office"

Nice Chart though

 

[barney]

Chart still looks good

 

[barney]

Not sure what's making this move exponential but the roof will start to get hot soon you'd think

 

[greggles]

CAG's on fire barney. No news of any note since 10 July apart from a response to an ASX Price Query.

To be honest, I'm finding it a little hard to believe that this share price increase can be attributable to just a cloud based accounting software package. Maybe I just don't understand its potential?

 

[tech/a]

The Catalysts appears to be the Announcement of their cloud based accounting software on 10/7

The tight consolidation seen after the initial V/C bar is a classic continuation pattern.
Look for increasing volume and ranges towards tops.
Particularly where any challenge to the continuation of the up trend.
Depth of retracement is a give away to strength of continuation of trend or termination.

 

[barney]

One word …. Holy crap ….. OK two words

Usually where there's smoke there's fire …. we shall see.

 

[tech/a]

One of these can change your entire year.