get the feeling something big is going on!!!, page-10

"You obviously weren't around when first sale of cape lambert for $400m and holders picked up a nice divi."

I thought you might say that :)
The fact is that wasn't a distressed asset that they purchased and resold (at least I'm pretty sure it wasn't). This buying (and trying to sell) distressed assets is a new business that needs to be proved.

I agree with the rest of your comments. The value is there as long as CFE can sell them one day. That day doesn't need to be soon.

As to what TS could do differently. He could have focused on assets in more politically secure areas of the world. TS could have spun out 1/3 of Q-Copper so a mature market could develop. TS could stop with the big pronouncements about Q-Copper and Marampa that (so far have) come to nothing. TS could stop saying every time the price goes down that it's an insto selling but when the price goes up it's because of the value in CFE.

I'm substantially long CFE. At close to fair value I wouldn't touch this with a 10ft pole! Frankly TS scares me.