so whats cape lambert worth, page-25

Hello, condolences to all CFE holders, I am hoping for a takeover bid if this is the price ASX buyers are willing to pay for this company IMO I do not understand how this could be possible but I am new to this so maybe I am just missing something.

Since I have posted previously in this revived thread I thought I should correct my posts in it as I have done previously in another thread.

Mikepike, the comment 240M=75c is referring to the cash backing from the sale will be 240M once costs have been taken out. They are asking if this would be the equivelant of 75c per share.

From memory your figures were quite accurate before the ann on how they were going to divide up the money but they did not factor in 40M commission I believe.

Personally I have posted previously I believed it to be 62.5-65 I can't remember the exact figure but this was my rough calculation and shouldn't really be trusted to make decisions on. If it is correct, I do not understand how it could drop below this, especially considering some of the large predictions that have been made about the south tenement recently.

Anyway, GL everyone.