PIO looking ripe lock in those gains
CFE some more info
The ann where the Sophs took a placement at a 300% premium to market price
http://www.capelam.com.au/IRM/PDF/3559/4mraiseinfullyunderwrittenplacementat300premium
Also move by Chairman Tony Sage increasing his holdings in August from 40m shares to 70m shares a 75% increase
http://www.capelam.com.au/IRM/PDF/3469/CFEChairmanreaffirmscommitmentbyincreasingShareholding
Mr Sage also said "Cape Lambert retains a strong cash position and together with its listed securities and current receivables
in my view represents a compelling investment opportunity.
I know all resource company executives believe their companies are undervalued, but with approximately $45m in cash, receivables and investments at current market values I genuinely believe Cape Lambert is undervalued, which is why I have shown this support to the Company."
Current Mkt Cap is $20m
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Daytraders After Market Lounge 18th April, page-29
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