55c...what the, page-18

let's see what happens come end of september, after the 2nd payment has been received and the amount of the payout to shareholders has been determined.

remember, Evraz cannot really exercise too many more options without going over the 19.9% limit which would force them to automatically launch a takeover bid.

they haven't done a big dump of shares so they must still be around the 18%-19% mark of shareholding in CFE.

plus the Cape Lambert South tenement should be granted very shortly and drilling will commence immediately upon grant.

considering how difficult it is to get any money in this environment (just check out Moly Mines who are far more advanced than Cape), I think management have done really well. they have a lot of cash which will see them ride out the storm engulfing the markets right now.