Sydney,
I think you're being a bit shortsighted.
Management just acquired millions of shares, so why would they blow the money out the window ?
I think you didn't read the Marampa agreements! CFE will be able to withdraw once market conditions worsen significantly while only spending US $ 5 Million in the process. They'll only acquire Marampa ( African Minerals) when there is no doubt that this will be of value to shareholders.
On the other hand, when the final investment is done, the Aussie dollar will be a lot stronger than now, so dont start making any figures on that when the Aussie Dollar just reached its lowest value ever.
Another thing you got wrong is that Power United like the Marampa investment as their dispute with CFE management got resolved and PU are now convinced that Marampa will be highly profitable.
If you want to sell at CFE's all time lows, then go ahead and do so, I think someone will look forward to picking them up. But you'll be no different to the panicking masses that buy shares high and sell them low.
Just my two cents.
Cheers
- Forums
- ASX - By Stock
- CLE
- marampa latest
marampa latest, page-8
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CLE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.73M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CLE (ASX) Chart |
Day chart unavailable