the pick, page-14

"It means that CFE wont keep asking me to put my hand in my pockets for future buying opportunities thus diluting my shares"

Er Demonfish, Can you explain to me when CFE last asked you to put your hand in your pocket for buying opportunities??

Mate I have held this stock for a few years and I don't recall that occuring!
Cape North was sold for $400m in 2008, and they haven't asked for a penny since. They have however paid out around 30c in dividends though in that time!


CFE have 200m+ in cash, more $$due and potential sale of Sappes ($50m potentially).

Can't see them needing your 'hard earned dilutive cash' any time soon. Consequently- the recent buy back has had an anti-dilutive effect on your holding.

Spek