royalty receipts , page-3

Nice Article in Proactive Investor where they say:

During the period CFE undertook an on market buy back of 21,169,905 fully paid ordinary shares completed for expenditure A$3,019,421.41.

The net effect of the buy-back is to tighten issued capital and increase returns to shareholders.

In short, Cape Lambert is pulling the right levers. Proactive Investors can see, with royalty income commencing and cash levels increasing, that potential returns to shareholders – from both capital gains and surplus cash distribution are significant. With no debt and a history of paying out retained cash in dividends or capital returns, and buying back shares on market - it provides a platform for maximising returns to Cape Lambert shareholders. Which the market has missed.

http://www.proactiveinvestors.com.au/companies/news/52567/cape-lambert-resources-to-bank-royalties-from-mayoko-h2-2014-52567.html

This provides an opportunity right now for investors to buy at a discount to the intrinsic underlying value of Cape Lambert.