Bunsnz,
If you're not happy with a response, reply seeking clarification on the points you thought weren't answered. That said, sometimes a short answer suffices.
It's true TS is a trader/dealer/salesman. That's what has progressed the company to where it is now. The new strategy of retaining a significant interest in projects suggests it's not just S/T gains that are the sole focus. If CFE retain 25% of Marampa, and coupled with Mayoko, they'll effectively have 50% of 5-10mtpa, whilst still having a burgeoning cash situation. A couple more deals and they'll have the projects AND the cash.
"TS buying on market" - make sense to me. He bought from .48cps down to the low thirties. History suggests that was wise.
"Buyback" - the company's undervalued, makes perfect sense. Economics 101.
"Quick sale of Mayoko" - agree on that one. I can only assume they needed a cash boost.
"where the next Marampa is once this has been sold?" - Pinnacle is potentially much larger than Marampa.
"Best result in my book is someone takes over CFE." - I still feel a takeover remains a possibility. MCC would be the front runner IMHO, if they're interested in Marampa. I just can't see why they'd buy Marampa for 400-500, when they could take the whole company for maybe $1.10-$1.20 per share.
"as post Marampa I don't see value." - again, Pinnnacle would seem to have a much larger potential in size but also has coal as well as iron ore.
Peter
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