disgraceful, page-12

Hi all,

Things are looking decidedly iffy right now for holders. I'm just relieved I took profits eons ago. The danger with the CFE model has always been that it works fine during the boom but you don't want to be around when the resources music stops. I may well have hung in there a bit longer if the company had been a lot more diversified. Despite their claims, it's a Fe company with some small side interests. The Pinnacle assets are basically green field projects and many years away from any upside, so now, as it's been for a very long time,it all comes down to Marampa (assuming CFE makes a bit and loses a bit with the MCC and ATO issues).

On a more positive note, if the MCC and ATO issues can be resolved, I think CFE could have takeover target written all over it, and more so if Marampa gets flipped for even half the asking price. If I still held, I'm sure I wouldn't be selling now in panic as people so often do, unless you think the company is going to the wall, which I personally think is very unlikely. Who knows how low it'll go but you'd have to think it'll go for a decent run if some decent news eventually transpires.

Good luck to holders and may the 'farce' be with you.

Peter

P.S. Poor old Flying Doc's probably a Kamikaze pilot by now lol.