I completely disagree that the Buy Back was a failure. I had bought and was holding at almost a 36 cent average and the SP was going up and down on the spot.
After the BB was announce it quickly went to 45 and then slowly went up to 73.5 before the major shareholder sold out and the BB was completed.
We all know that on previous threads people posted comments from TS saying that he wanted to complete the BB because in 3 months time they wont be this cheap. There have also been comments about up to 4 groups on site at Marampa looking at it and a bit of a hint that Sappas might be getting close to a sale as well.
Grab your calculator out and a quick calculation will show you that the BB average was 59.05 cents not 68.
Lots of people have taken their profits others are now holding at a higher average so naturally they want a profit before they sell.
My opinion, and my opinion only - not a reccomendation to buy, is that in a few months time CFE is going to be over the $1 mark. And even when it is my opinion is that is still undervalued when you compare the SP to the Patersons report.
Good luck new owners and all you long term keepers of the faith.
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