cape lambert mentioned re: frank timmis, page-13

Hi Doomdog,

Just my take, but I think you might be jumping ahead of things a bit. Looking at the prospect for IPO & GFE, they are to issue about 1 billion and 1.3 billion share respectively for the purchases and to raise development funds. Going by the quarterlies, CFE has 13.5% of the 157m shares in IPO and 19.6% of the 18.1m shares in GFE. Unless CFE participate in these placements in a major way, it seems to me they'll have a very minor interest. Does this seem correct to others, or am I missing something?
I'm still running with a sale on Marampa as the serious game changer. I think it was John (JID), from memory who viewed the extra rigs being brought in to fast track it, as even better news than the divi. On that, I agree 100%. As I've said before, that's worth 60-80cps on it's own. Throw in the rest of the cash, receivables and assets and I think a dollar will be a mere speed bump.

Peter