Daytraders After Market Lounge 18th April, page-29

  1. 22,120 Posts.
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    PIO looking ripe lock in those gains


    CFE some more info

    The ann where the Sophs took a placement at a 300% premium to market price

    http://www.capelam.com.au/IRM/PDF/3559/4mraiseinfullyunderwrittenplacementat300premium



    Also move by Chairman Tony Sage increasing his holdings in August from 40m shares to 70m shares a 75% increase

    http://www.capelam.com.au/IRM/PDF/3469/CFEChairmanreaffirmscommitmentbyincreasingShareholding

    Mr Sage also said "Cape Lambert retains a strong cash position and together with its listed securities and current receivables
    in my view represents a compelling investment opportunity.
    I know all resource company executives believe their companies are undervalued, but with approximately $45m in cash, receivables and investments at current market values I genuinely believe Cape Lambert is undervalued, which is why I have shown this support to the Company."

    Current Mkt Cap is $20m
 
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