In this uncertain economic environment,CFE must stop all unnecessary cash spending including buy back shares,exploration and needs to reduce the salaries.
CFE should get Shandong as a major shareholder and try to sell Marampa iron ore project to Shandong.
Or CFE should get Timis Mining Corporation as a major shareholder and try to sell Marampa project to TMC.
CFE must try to sell all assets which are valuable to sell and hold cash as much as possible.
Honest is the best policy.
CFE Price at posting:
3.7¢ Sentiment: Buy Disclosure: Not Held
