management buy out, page-7

Hi Tokyo... have thought for some time that TS may be circling cfe for his own purpose.He is a predictable animal..

> He is driven to making money(possibly to gain "that" recognition as being successful among his peers) and being feted and admired.

> as 1 journo recently noted that he is not on the A list for invites as people dont like/want him.To make the list he sponsored fashion week to the tune of $1m to get on the list.He just dosn't get it - his past and present record and that of all his assoc wont get you in the front door.

His track record is well known on the terrace,that's one of the reasons that the stock ( and IGC ) gets no recognition or respect in the market.

I would not be surprised if he is already privy to a potential move on cfe and has chosen to sit on it and let the s/p languish.. he did say, he was a buyer at 22c and less.

Q Why has he been buying up stock ? + 4ml in past month.


A... To support the price at 18c ?

To protect his position on the board

To max his return (if he's going) on the t/o which must be coming.
S/H's have never been his priority now or in the past.
He prefers to work alone and not be questioned or accountable to anyone (especially S/H's)

If marampa deal of 44ml shares had gone thru he would have his votes plus his mate Timis and mates in top 20 to protect his a.se.

In my opinion he has started to condition us with a statement to Sellier 2/12, t/o well above 40c...TS has said recently s/p backing is 50c now !

Soon will have SL,which he says will be worth $500ml (rumour of up to 1bl tonne) plus (from good source) 900mt at CLS @ 30c ton in ground = $270 ... it adds up to another $770ml in S/H value... so let's not talk about 40-50c,more likely well over $1 !!!!!

The scenario I see, is a t/o from another co.-probably at arms length to TS.. try mining co's of his mates Mattich,Khouris,Landau,Timis,Shemesian or Gatto,between them they have many listed mining co's with a history of getting maj shares and then the co. goes nowhere and the assets too.

Tired and angry s/h's will probably think that 50c is good on top of the recent 21.7 and be happy to escape with their money back and move.Dont get complacent and be sold out,the SL and CLS figs (above) could be very real.

He's talked up IGC for more than a year with a t/o of up to $1 and your expectations are high,it's dragged on and on and now the t/o looks like only 50c... many s/h just want out and will take 50c and go,and the money men win again !

Think they will move on us before we have drilling results to prove future values ie they will sit on them,you know how it goes... assay co's are way behind with results due to heavy workload, Xmas period etc etc.

I noticed on a business notice this week that Frank Timis has employed "fellow investor" Tim Johnston (Firepower fuel additive fiasco)- shit,what chance have we got dealing with people like this ????

Sorry mate , you rattled my cage with this one as I feel a con coming on.

Regards to all... The MUFF

PS ... I mentioned the other day about 'undervalued by the market' as being.. not even the daytraders will touch me and my dodgy mates.