cash and recievables $312m ...mc $200m , page-24

Hi proofreader and all,

after the Lady Annie settlement CFE's cash position will look like the following:

Current cash at hand: approx. 49 M$
Environmtal performance bonds to be retained: 12 M$
Lady Annie sale: 130 M$ ( 5 M$ deferred)

Total Cash on hand post settlement: 191 M$

Dividend of approx. 60 M$

Cash ex Dividend : 131 M$


I think Tony already got some plans what he's gonna do with the cash.
There are lots of bargains out there in the current environment.

He might also need some cash for the DMC takeover, you never know if CFE's gonna win the bid.

After a potential sale of Marampa for 500M$, CFE will be in a very enviable cash position and 100M$ thrown in for a share buy back wont hurt the cash position and will ensure that CFE will be trading close to its intrinsic value of around 1.44 $/ share.

Cheers