I am very syrprised CFE is not on the radar for a takeover,
Cash backing of almost present vlue , get o/s assets for a fraction of future sale value , easy to satisfy FIB, just float off any contentious assets if any, cape lambert 2 has a book value of zero,how many shares would u pick up with an offer of say 60 cents , letting the original holder keep the dividend , hell they can have mine, Tony's friends saved the day once, could mick do it again, who knows.
I would be very surprised if CFE is not on someones radar as we speak, and im sure tony is very aware of the fine line he speaks with too much cash.
Even AT a dollar could still be great value for a chinese radar .
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