new research report on cfe website, page-2

Kasper,

The current SP reminds me of what was happening to CFE in 2008 just before the project sold for $400m. At the time there was action to try and remove Mr Sage from being a director to take control of the company.

This time there is someone selling and trying to hold the price down, but I don't think that's what is really happening. Yes there are some people selling but to me it looks more like a transfer of ownership.

There is a bit of order pressure on the sell side but not much activity, more to the point there doesn't seem to be much activity with the on market buy back which is quite strange if you ask me.

I don't quite understand why they are holding back, maybe they are waiting for the proceeds from the GLY sale?

Either way, with the current market cap being $70 something million i see no reason not to be accumulating. I am and will continue doing so as prices hover around these levels.

I have got enough for the time being, I am going to do what CFE is doing and wait to see if there really is any selling pressure, if not I will buy at market in the next few days again.

All the research points to decent ROI so let's see what happens from here.

Cheers,