i sold my shares at average 49.5c after my hotcopper meltdown
i must apologise for the swearing and disdain of cfe leaders
WOW what a 2 weeks of events....court cases sin binning timis underbelly crew evraz whimping out total market blowing up shorting bans rudd quickly getting out of dodge
This was an event we all should be amazed by and will be talked about for the next 100 years and at the moment because we are living it we dont realise how significant it is
Like all huge events the real effects wont be felt by the general man on the street for 6-9 months
the lag time may change but a definite huge aftershock will occur and we should prepare for it now
anyway back to cfe ...acouple of days back i bought my original holding back again at heeehheeeee price
pretty happy about that
current scoreboard
sp 37.5c
market cap 164 mill
430 mill shares on the boards unlikely to be anymore converted
total cash in the bank 340 mill
cash backing per share is 79c per share
company earning close to 2 million per month in interest
company rating by analysts : joke stock
court cases : 1 decision pending
criminals : at least 3 we know of
merryl lynch : subversive and now a broke broker
how is it they hold more than 20 % of the company ????? makes no sense to me and possibly illegal
Possible solutions to current problem : axe knife gun bombs share buyback , bigger dividends , company liquidation
Ideal : buyback 300 million shares at up to 1 dollar each
remaining dollars fund the southern tenement development and sale of ore to MCC/evraz
leaves strong company with only 140 million shares on the boards and enough doh to do bboth the southern cfe tenemt and sierra leone and it will piss the underbellys off and evraz and help timis get what he wants - a visa he wants to live in australia apparently the girls here are HOT...thanks i love u's all
good to be back and amazing how so many knew posters have appeared since the controversy arose funny really how a couple were obviously pattsys of the 4 warring parties
pattsys we know who u are so bugger orfff
Also i think sage is after a huge win with sierra leone he couldve made cfe worth a dollar a share and walked with 20 million but i think he wants a lot more than this from sierra so lets see what sort of tonnage is likely from it
Some reports have it as a 2 billion dollars worth of iron ore ...we need answers
we also need pressure put on sage to get him to make more announcements to the asx rather than smeakily releasing stuff thru the media
i would urge everyone to write letters to cfe asking for regular aqnnouncem,ments even if its just to say what wine they had at lumch( and who was at lunch etc )
goodluck everybody
CFE Price at posting:
18.6¢ Sentiment: Sell Disclosure: Held
(20min delay)