CFE has provided DMC (asx DMM) with convertable note so I think they are trying to build up and IO empire over in Africa.
"In December 2008, DMC issued a Convertible Note to Dempsey Resources. Dempsey Resources is a 100% owned entity of Cape Lambert Iron Ore Limited (ASXCode:CFE). In the future Cape Lambert could possibly be a source of funding to DMC, or assist with the securing of a long term strategic partner to advance the Mayoko Iron Ore Project."
Thanks to YT for that info.
Volume has really died though.
Looking over a long term chart though, historicaly we might be getting ready for another spike in the sp.
If it gets to 50c I might call it a day with CFE.
Hey that reminds me.
Aggeesss ago I thought as a shareholder of CFE, I was given shares in GFE. I saw them in my Commsec account for awhile...then they vanished.
Anyone else come across/remember that?
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