accumulation taking place, page-8

Hi Boys... couple of points not covered in last few comments.

> TS has about 24+ml shares.

>Timis did not get 44ml shares-resolution was withdrawn.

>Timis and Sage are old mates and in each others pockets.

>Sage says CFE value is 50c

At 45c, have you factored in SL @$500ml and CLS min of 300m/t and est max of 900m/t @ 30c/tonne.Remove SL costs of say $250mill and use 500m/t at CLS should show gain of at least $400mill.IMO we should be thinking $1 +.... therefore, why only 45c ???

I'm open to comments where my thinking is wrong .

Sage did not out-fox Power,his old mate mattich did(he is former holder of 2.3 mill shares in igc).Mattich and Michael Shemesian are still fighting/hating each other over an old deal at Fox resources ie Mattich in charge at Fox sold CL the MCC tennement and old mike was not a happy budgie and tried to get more $$$.If HC posters really did their homework,they would find an interesting web of people and deals which are well entwined.I havent checked ,but I suspect that Mattich is probably in top 20 cfe S/H's ,so their all watching each other's back and a.se.I guess that money and friends don't mix.. all these guys were once mates and now blueing,so are Landau (cfe) and Povey(igc)-they and Khouri had a fallout in Dubai earlier this year.. very messy if they all go to the Xmas knees-up.All this info readily can be accessed on Busines Spectator (www.businessspectator.com.au) ... it makes interesting reading !

Regards to all.... The MUFF