cash and recievables $312m ...mc $200m , page-14

Hi proofreader,

you're right.

I asked Tony the same thing a while ago.
At that time the shareprice traded at 48c/ share and he told me that a buy-back was going to be initiated once Marampa got sold for 500 M$.

The SP declined another 10c/share in the mean time so it might be possible that he'll consider a buy-back sooner rather than later once Lady Annie funds are in the bank.

Anyway, with Tony buying 2 M shares on market at an average of 44c/share I am confident that this current price weakness will be a temporary issue.

Unfortunately , I've got no funds left to purchase more shares at these levels but will hold my shares tightly.

Consider CFE as a property: You know that the actual market value is 500- 600 M$ so why would you sell the property for 200M$ at firesale prices ?

If you dont need the cash the price weakness will sort itself out sooner or later.

Fundamentals dont seem to count in the current market environment but I am happy to hold CFE as I know that the intrinsic value is north of 1$ / share.


Tony got most of his wealth invested in CFE and he wont be selling his shares for less than 1$/ share or maybe even 1.44$/share which is his personal price target for the next 12 months.

All the best and hold your shares tight.

Cheers