cape lambert project unveiled: mcc , page-8

sorry didnt mean to divert discussion onto relationship with African Minerals. My observation about the Marampa acquisition from African Minerals was to support my view that a takeover attempt would need to be at a fair value compared to value of assets rather than current SP. ie African Minerals (vendor of one of the CFE main assets) now holds ~19% and TS ~6%. I'm sure that both African Minerals & TS wont be listening to any T/O offer based on SP and will want to make sure that any offer adequately reflects the value of the assets in CFE.

And as to the vend itself - Marampa seems like it was an extremely favourable transaction for CFE shareholders, and im sure that African Minerals are pleased too. It also looks like it (combined with expected proceeds from DMC sale) will produce the cash needed to advance the next series of plans in the pipeline and to also pay another div to S/h. As TS says - he lives off them!