True true. FT and his African Minerals were majority shareholder before their collapse, the first thing that happens after that collapse is that CFE gives the coffers to another FT venture (failed) putting use squarely under his control again.
No matter what happens with the Lithium deal, it is still peanuts compared to the IO promises and the money invested on FT promises.
What I find curious is the lack of movement from the African Minerals & London Mining administrators and debtors on the assets in Sierra Leone which CFEs success is so tightly bound. Neither seem to have progressed and at a guess, I would say they are sitting on the assets while the IO price recovers.
We are at the back of that queue behind a number of large creditors, and FT probably wont be allowed back into SL. So we maybe at the mercy of the Administrators.
CFE Price at posting:
1.8¢ Sentiment: Sell Disclosure: Held
