re CFE - might be worth watching (but not the thread ;))....

  1. 2,392 Posts.
    re CFE - might be worth watching (but not the thread ).
    Today's announcement:
    "Australian resource and investment company, Cape Lambert Resources Limited (ASX: CFE) (Cape Lambert or the Company) wishes to advise shareholders that the remaining ~66m shared held by the receiver of African Minerals Limited (AML) has been allocated to sophisticated investors. This follows a divestment of 40m shares on 23 September 2016 as advised by AML on 6 October 2016 following the lodgement of a notice of change of interest in substantial holder notice. Commenting on the divestment, Chairman Mr Tony Sage said “This is a significant milestone as it removes the overhang of shares that has restricted the share price over the past 2 years. We now have clear air.”

    So, some more dead wood has been removed from the long lost past.
    No volume today but some positive early vibes.
    You never know ...
 
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