Hi PP,Herencia - MC=8.53mAUD. 46%=3.92mAUD (sold for...

Hi PP,

Herencia - MC=8.53mAUD. 46%=3.92mAUD (sold for 587k)

Chaarat - MC=68.88mAUD. .076%=5.23mAUD (sold for 2m)

Platmin - MC=742mAUD. 4.4%=31.3mAUD (sold for 25m)

Overall, that represents a 35% discount to current market prices. PPN was likely sold before its recent bull run, so was probably fair value for a large parcel, but I really don't know why the other two were let go for such a discount. Having said that, they were "freebies" from acquiring CopperCo, which was a massive coup and these disposals are small change. The fact that CFE is running against the tide today reflects the extent to which CFE is under valued. However, I think TS could well benefit from attending to the old adage of 'look after the pennies and the pounds will look after themselves'. CFE is making an extraordinary profit from CopperCo (and other deals). I'd just like to see them extract everything possible.

Peter