no cash payment, page-23

kanga,

1. the problem is the share price is at 55c now, not 80c.

2. If Mr Ding offer you 77c for CFE, would you like to sell it to him? It would represent 40%+ premium.

Really, there is something missing. Why Mr Market discounts CFE share price?

Because there is a very few people believe CFE's value?

Almost everyone thought Mr Ding is waiting to be screwed. Once he paid, the dirty job is done, we can collect the benefit.

Wait a minute, what is the value of CFE?

Everybody knows the infrastructure advantage, and large quantity of the ore body (2.5bt).

But a lot of people still don't trust the management team, and don't like the recovery rate, and the ore quality. They are the major hurdle for the advance of CFE share price.

Why we need a Chinese to prove the value of a company by showing me $250m? Why a Chinese can see the value, we doubt it?

The discount of the share price might cause some doubts in Mr Ding's mind. Trust me, he is human as well.

Finally, if I were Mr Ding, I will take 70% of the equity of the company, not the project because it will benefit everybody, could save a lot of taxes, and stamp duties,etc.