tony sage - movie mogul, page-29

What about selling Marampa for 400m by December 2009 ("Keeping the balls in the air" - http://www.paydirt.com.au/aurora/assets/user_content/File/pdaug9sage.pdf)

?By Christmas we will have a buyer for the whole lot. We are looking for about $US400 million for (CFE?s stake in) Marampa.?

What about telling Sellier and anyone else who would listen that the 80M from MCC was as good as cash?

To be clear, CFE is very undervalued. I've said the same since purchasing mid last year. Tony is a great deal maker, he's also a great salesman. Just don't take word for word what he says and plug it into your valuation model. Tony makes mistakes and sometimes overstates the case. I'd rather he under-promised and over-delivered but that's clearly not his style. At least recognize what he is and isn't.

I don't think CFE is high risk, I think it's very low risk due to the assets backing the share price.