We only known what are on the table. But we do not known a lot of things happening under the table, such as short sellers, or tactics of shaking out weak hands, etc
Following Hotcopper closely, it is easy to become panic by some comments driven by emotions rather than logic, some posts are very ignorant.
In the short term, CFE looks ugly. But eventually, fundamentals will prevail. Talking about fundamentals, many contradict news coming out recently, but it seems that the story of iron ore to continue in many many more years : - Chinese growth data boosts Australian iron ore industry - China eyes alternatives to BHP, Rio More and more, China turns to African iron ore mines, that is good for CFE.
CFE's strategy is adding value to Marampa in order to achieve the wanted prices. Gradually, progresses are made, such as Marampa infrastructure Agreement was finalised recently. And the Mining Licence is expected to grant "during Q1 2014 or early Q2 2014", it is just this month or next month. These de-risk the project, making it much more attractive to buyers to come with good offers.
CFE Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
