tianshan and corvette to merge ., page-10

Brunette-two,

Many aspects in your post look ridiculous in the light of what is already known:

"If another bidder appeared then I cannot see that CFE would refuse the bid as it has its Life to lead running effectively a conglomerate"

CFE is cashed up and about to be significantly more cashed up. It does not need to pander to bargain hunters and can sell at the time it's choosing.

"..a conglomerate,which are not liked in the best of times in my opinion as presumably the market values the company on a low basis..."

Look at the activity today..look at the chart over recent months...the market is liking CFE very much and is increasingly waking up to the inherent value. Even applying a massive discount, CFE has a very long way to go.

"on an in accordance with its last deal basis " in effect.

I think the market is beginning to realise, as I have pointed out before, that CFE is not a one trick pony. TS has taken the company from a penny dreadful to a $400m cash box, acquired Copper Co for a song and is now cleaning up big time, and if you look at all the other fantastic projects slated for sale or development and later sale, the "last deal" will be coming through on a regular and profitable basis.

"here is no Recurring earnings basis in effect and who knows when and if they will always be able to make good deals."

Firstly, all you have to is look at the number of deals that have been and are being made to realise the earnings flow will be on a recurring basis. Secondly, past performance is one of the better predictors of future performance, which is why I place considerable importance on management as well as the projects. CFE has made enough excellent deals to suggest in all probability, will continue to do so.

Peter