I sold immediately when I found Tim Turner sold at 85cents when the rumour of a takeover from Evraz got hyped up.
Tony Sage got about every newspaper agency in Australia to talk about a takeover...even quoting that the board will not consider anything below $1.20. Then nothing...then share price gets smashed as evident today when the resolution was passed.
Viceprincess did you question Tim today when you went to the AGM?
I think management knew all along that the Russians would not bid but stiull started the rumour to pump the share price. Now its the dump turn
I know many CFE holders would be very disappointed topday. Although I am no longer a holder of CFE shares but I never like crooks at work.
I am sure Management can come up with a thousand reasons as to why this and that....but the fact it seems to me is that this was a pump and dump...
I truly hope that CFE can go to $1+ short term to reward all remaining shareholders
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