well I hope on the return of the MCC funds they do a 10-20 mill...

well I hope on the return of the MCC funds they do a 10-20 mill share buy back sub 40c is a joke get rid of some of the drop kick sellers

my post from ST yesterday--
Market values CFE at -193mill (what a joke)
-their total ownership of DMM is now worth round 39mill --
--cash at bank 80mill min(even after buying up DMM + 44mill divie to SH)
--CFE will receive an extra 80mill from MCC later this year+have 11.6mill in convert notes exp within 18months(I also believe L.A will return another 20mill+ in bonds returned etc)
so of my rough calcs CFE will have round 190mill in cash an cash receivables in the short term...

Now lets add up CFE larger ASX share interests @ todays market values -DMM-39mill CVX-11mill NIP-7mill FEL-1mill MHL-1.1mill OKU-250k GFE-1.8mill URL-250k
--total ASX share value= $61,400,000

Now add in the real hidden value an most likely to be sold over the next 18months -Marampa(300mill min) Cape lambert south (50mill min) Sappes(50mill)

other high class CFE assets -Pinnacle Group Assets(26.2% ownership and Manager)
-Lady loretta(next door to Lady annie) 25%
-Leichhardt copper 100%
-Australis-phosphate 100%=================total 50mill min

so all up CFE fair fundamental value IMHO round 700mill min or say just north of $1sp