Ann: Cape Lambert Directs Focus to the Marampa Iron Ore Project, page-11

So in the space of 2 years (or thereabouts) CFE managed to 'acquire' 2 cobalt tailings projects, being Kipushi and Kitwe, but apparently never had a firm grip on either project and lost both of them because the company had no money and couldn't raise money as required. In each case when the project was lost due to funding issues, CFE has made announcements that the 'project economics deteriorated' or that the 'assay results were not as good as expected'. Interestingly, in neither case have shareholders been informed of the 'project economics' for Kipushi and/or the 'assay results' for Kitwe that were apparently the root cause of the problem...

Given the global outlook for Cobalt is that supply will tighten going forward, it is a bit cute to suggest that the current price as at today is the cause of the failure of the project as they wouldn't be producing for another 18 months at least even if they got cracking on development tomorrow.

The whole fiasco is a complete shambles!