Ann: Leichhardt Project Sale Unconditional , page-7

I hold this stock and I must admit I was close to selling and cutting my losses when it went under 10c. The only thing that stopped me was the fact that it was the whole sector being smashed and not just CFE. Interestingly CFE got a wrap on YMYC (business channel) on Wed night after a caller questioned David Novac's prior recommendation of the stock some months back. The stock was around 20c at the time of his very bullish recommendation. He mentioned all the positive aspects such as director buying, share buy back, plenty of cash in the bank, but the big one is if they get the royalty asset sale through (50-100 million) then they would be pretty much cash asset backed with a current market cap of around 70 million. Then there is Marampa and the fact that West African Iron has around a 12% holding in CFE making it a potential takeover. All very interesting. I am holding but like many just hope to recover or get closer to my buy in price which for me was 24c. It does look more positive though. Best of luck to all those long suffering holders.