African Minerals own 18.36% of CFE. As well, they own the infrastructure necessary for Marampa to function as a producing entity i.e the rail link and port facilities. Whilst I am not suggesting that they are, or will, have to sell off Tonkolili, it is worrying - to me - that they are experiencing financial difficulties with their operation with the low price of iron ore. The Chairman of AM is Frank Timis who,in the past, has had a relationship with Tony Sage. This has been the subject of much discussion in the past.
If AM is not able to recover and become profitable, then it does not bode well for CFE selling Marrampa in my opinion.
Lagoz
- Forums
- ASX - By Stock
- CLE
- African Minerals
African Minerals, page-7
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CLE (ASX) to my watchlist
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.73M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CLE (ASX) Chart |
Day chart unavailable
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online