Ann: Progress of Tax Assessments and Marampa IPO , page-12

re: Ann: Progress of Tax Assessments and Mara... There is uncertainty with the local and world economey and there has always been uncertainty with CFE. Will Marampa sell, will Pinnacle be sold in the future, what's going to happen with the MCC $80 mil and what is going to happen with this tax audit.

The recent change in knowledge is the tax audit where CFE has said:

"Although it remains optimistic of a resolution through ongoing discussions, Cape Lambert has advised the ATO that it strongly contests all the amounts assessed and, if the issues cannot be resolved in further discussions, Cape Lambert will vigorously defend its position,"

Some will choose to sell and get out and some investors will choose to buy more. Whatever each individual does is their choice.

Personally I hold as I think CFE has made good business decisions in the past and going forward I think they will continue to make good decisions - That I believe is certain.

So as a knee jerk reaction to one of the uncertainty elements SELL or BUY or HOLD - Your decision.