Ann: Quarterly Activities Report and Appendix 5B, page-5

First 5 Last

Share
Profile

Follow
sloanrunner

903 Posts.

13

31/07/15

22:44

Post #: 15733238
Share

Originally posted by theraven ↑

Overall the report is stock standard Cape Lambert smoke and mirrors with a vague suggestion that they have their missing money under control. The 'cheque is in the mail' style responses to basic questions regarding such a high value asset is deplorable. On the plus side, at least they are now admitting that rail contract was a reason behind the mine closure, a foreseeable (high) risk that was taken - still no idea what the force majeure event was - did a shed fall down or maybe they lost the keys.

Just had a quick review of the holdings in listed companies and there is not a lot of joy in there. The 17.1% interest in CXU is currently worth $8.16M which the only real shining light and would make up the majority of our current $11.28M.

This alone puts the rest of the market value $3.12M AUD. (Which includes assets of $8.7M in cash + $8M in load repayment due in 3 months)

What is of concern is that KPR (ownership value ~$1M) has entered Administration and there is worry on the forum about TS ripping off shareholders. Seems to a trail of destruction where ever our Tony goes.

We need
a) 'Show me the money' - when will we get our royalty payment - I am sick of Tonys wage dwindling the bank account.
b) When will production recommence? No timeline is available, it is short term, (1 - 3 months) medium (6 -12) or long term (12+ months).
c) European-lithum was scheduled to list 'in a few week' back in June, no further information appears to available for this. Have they decided against this or is it more hope with little delivery.
d) Are we doing anything to stop the cash burn? $22 million spent over the past 12 months on operating activities, we have $8.7M (with a last quarter burn of $2.4 Million) gives us between 6 - 12 months before the begging pan comes out to the market.

My prediction for anyone that cares - once the African Mineral axe swinging above the head has been removed we will shoot up to a realistic current value of about 5 - 6 c based on current assets. (Not pie in the sky promises)

Expand

So African Minerals want to dispose of their CFE shares?
Flushing them down them down the toilet would seem like a reasonable option at the moment

CFE Price at posting: 1.8¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

CIA

'Share long-term visions': Champion Iron rallies on mooted Nippon, Sojitz partnership

ASX Market Open: Extraordinary RBA vote minutes lead Oz futures into rise | July 23

PDN

Paladin sinks over -9% as holders mull lofty Langer Heinrich uranium estimates

ILU

Iluka hits guidance – but zircon win comes with warning on 'trade uncertainty'

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 6.5¢		Change -0.005(7.14%)		Mkt cap ! $73.79M

Open	High	Low	Value	Volume
7.0¢	7.0¢	6.5¢	$192.7K	2.815M

Buyers (Bids)

No.	Vol.	Price($)
7	203571	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
6.6¢	300000	2

View Market Depth

No.	Vol.	Price($)
8	203676	0.064
3	491671	0.063
2	210000	0.062
3	153286	0.061
3	300384	0.060

Price($)	Vol.	No.
0.066	300000	2
0.067	595089	2
0.068	100000	1
0.069	325000	2
0.070	300000	2

Last trade - 11.23am 23/07/2025 (20 minute delay)

CLE (ASX) Chart

Ann: Quarterly Activities Report and Appendix 5B, page-5

'Share long-term visions': Champion Iron rallies on mooted Nippon, Sojitz partnership

ASX Market Open: Extraordinary RBA vote minutes lead Oz futures into rise | July 23

Paladin sinks over -9% as holders mull lofty Langer Heinrich uranium estimates

Iluka hits guidance – but zircon win comes with warning on 'trade uncertainty'

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Quarterly Activities Report and Appendix 5B, page-5

Top Stories

'Share long-term visions': Champion Iron rallies on mooted Nippon, Sojitz partnership

ASX Market Open: Extraordinary RBA vote minutes lead Oz futures into rise | July 23

Paladin sinks over -9% as holders mull lofty Langer Heinrich uranium estimates

Iluka hits guidance – but zircon win comes with warning on 'trade uncertainty'

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News