Maybe I'm just a fool Flyingdoc, I don't know anything different to anyone else about CFE - I think. Perhaps I'm just a glass half full person, but I can see the empty part as well. I'm looking into the distant future with a positive attitude and not at the immediate present.
For my confidence I'll just say what I think about the half full part of the glass - all the positives. You and anyone else can disagree with me, it's everyones right to have their opinions and I do listen to them but sometimes wonder why people keep on bagging a stock when they either declare that they hold or don't hold. There is a lot of manipulation going on and I'm always suspicious of motives on HC comments.
Marampa & Timis - has proximity to rail and port and I'm sure Timis wants to see it succeed as he holds almost 20% of CFE.
CFE is not a one trick pony - 8 projects either earmarked for sale or for exploration. And they hold interests in 11 other companies as investments.
Iron Ore Royalty. They are considering selling their Royalty Stream from Mayoko sale. They say perhaps $135 mil. If they get $125 mil less 30% tax it works out to a present value of almost .14 cents a share. Perhaps more if we keep buying more shares back during the buyback.
World Iron Ore demand - Keeps going up and down but the big one for the future I believe is the Indian economy and due to their environmental issues they are looking to buy in Africa. But then again so are the Chinese, and the big three as well.
They are my reasons - DYOR and make up your own mind. Take a risk or be risk adverse, your choice.
Add to My Watchlist
What is My Watchlist?
