I really wonder what's happening in the Chinese office.
They bought Cape Lambert North for 400 M$ and could buy 3-4 major Iron ore projects with infrastructure for a song if they decided to take out CFE in a quick takeover. We're currently valued at around 200 M$ which is what Cape Lambert South is possibly worth, let alone Marampa ( 500 M$ ), Mayoko ( 100 M$) , Pinnacle assets ( 300 M$).
Sappes, Lady Loretta, our shareholdings are the cream on the cake.
Tony once told me that someone seems to be playing games with CFE. Thinking about it, someone really tries hard to keep the shareprice down. I wonder whether it's the influence of some Chinese entity that got a deliberate agenda for doing so.
I think we will find out soon.
CFE Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
