I wish I could attend. The distance from Brisbane is just too far. It will be interesting.
Its so hard not to sell when the price just keeps on falling. The price is half that of 2 months ago. When is this stock undervalued?
- Best Decade has raised US $100+ million and on the same day as it appears to me 12/11/07 someone/some group, bought approx 10% of CFE at a (or an average) price of $0.76 each. The highest closing price CFE achieved happens to be that same price at $0.76 on the 22/6/07.http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_3E1DA0EB1138F7B74825738F00261CBC/$file/EB.pdf?openelement
http://www.asx.com.au/asxpdf/20071114/pdf/315trvw3tf7q1k.pdf
- As per the OCBC report dated 1/10/07 as posted on Aussie Stock Forums on 3/10/07 the bank expected Delong to retain approx 30% of CFE and not 70%. Speculation by me once again but the original contract of 70% was 240 million AUD which equals $103 million AUD for 30%. Also still not out of the question now.
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"Danube" posted here on Hot Copper 09:44 5/9/07
Mr Ding and Delong both knew that it will be the Delong to purchase the 70% of the Cape Lambert Project a few months ago when it has raised US$200m, who only change the purchaser right on the day of first payment due? One logic explanation is Mr Ding want it for himself at first place, but failed to raise US$190m by himself. At the same time, he used the Delong's easy access to the debt market, raise enough money as Plan B.
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Any opinions? Perhaps I am wrong... The share price is not giving me much support.....
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