CFE have provided the biggest dividend in the history of the world and probably the best chance of it happenning again with their southern prospect and the relationship built with mcc and evraz.Evraz will soon even have a director representing their interests on the board of cfe .
BUT I believe the directors of this company are seriously deluded and have gordon gecko as a role model and only interested in money rather than developing anything themselves.As a result they are only interested in building wealth and as a by-product/ side effect we get wealthy too.
Sundance kid
yes pretty good deal at the top of the boom.Everyone is sceptical about future deals but I think that MCC and CFE have an understanding about where the resource will end up.I believe that MCC already have planned for this in their blueprint for development of the cape region .There is enough ore there to supply their chinese operations for many years.And they see it as theirs !
It should be seen as a long term investment and not a traders stock as traders have been burnt many times due to the apparent stock sp manipulation . If you are willing to hold for a long term you will be rewarded.IMO
CFE Price at posting:
23.5¢ Sentiment: LT Buy Disclosure: Held
