Buying Copper co's copper assets for about $30m looks like one of the bargain buys of the year from what I can see in the announcements today. CFE gets repaid it's loans as well as the assets of copper co. Plus cash in the bank plus more on the way as well as a copper price on the rise. Thin on the sell side in the market depth as well. 2.5m to 1.3m appears to show potential break out as the news gets passed around the fund managers. Plus Platinum assets included in the purchase. Some pretty astute management.
CFE Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
