Warren Buffet's philosophy find under valued shares and wait. He...

Warren Buffet's philosophy find under valued shares and wait. He must be doing something right. A $19 share in 1969 is today worth $86,000. A return in excess of 20% pa year in year out despite GFC's black Friday's and every other financial holocost in between.

Patience in this company,CFE will probably produce somewhere around half a billion dollars in cash by the end of 2010. Look at the facts -

1. cash at hand $65M,
2. the float of lady annie $160 M - $180M.
3. The last payment for the sale of Cape Lambert $80M.
4. Probable sale of Marampa $100M.
5. The sale of a little greek gold mine $50m - $60M.
6. Loans maturing and repayable in 2010 $40M.
Total - $495M - $525M.

The net value of cash received from asset sales and other payments received will possibly see CFE receive the equivalent of $1 per share in cash in the next 12 months.

Patience - I know we all want the market to catch on immediately to the value that CFE can unleash in the next 12 months. The fact is that value investing takes time and patience. The market will eventually catch on IMHO

So be patient and TS will SHOW YOU THE MONEY!