cfe s outstanding position

Hi guys,
I got my fill @ 24.5c today. Couldn't resist considering the Cash backing.

It's amazing how big companies like RIO, BNB, FMG, BHP etc. got smashed over the past couple of weeks whereas CFE held a strong position due to its outstanding position of being neither a producer nor dependant on Capital raisings.

Tell me a company which is a master of its own destiny ( due to around 220 M$ netto cash backing) and can relax in this market environment. They could go out and pick up other companies for next to nothing and would still be nicely cashed up.

Today's market Cap values CFE @ 120 M$, in a long term view CFE should at least reach its intrinsic value of around 220 M$.

Either this or Evraz will probably launch a takeover offer. I read some posts from July where Evraz was considering to take over CFE @ 1.20 $ . What a bargain he would make if he took out CFE @ 50c now.

Interesting times ahead.

Cheers