african iron, page-7

Peter

"The market" valued DMC at less than $45M just six months ago as DMC mining.
CFE acquired it for about $35M

Now,thanks to Tony's marketing and sales skills it's worth $97.4M to CFE (see my post previous post) and CFE still have exposure to any further upside and a royalty.

According to your calculations the EV of DMC is now $161M
It's not "the market" it's the marketer or more precisely the marketing skills of Tony Sage that have added all this value to DMC and CFE shareholders in such a short period of time.

I do get your point of the future potential of AKI which is likely why CFE kept 120,000,000 shares.

Comments like "CFE sold 75% of Mayoko for 47m" and "CFE sold it for 47m. About 75m gone in a flash" are very misleading IMO. CFE got $47M cash and 120,000,000 shares now worth 42c each so the deal is currently worth $97.4M to CFE. That's $50M more than you are implying.

Anyway as you say onwards and forwards. Have a good weekend.