down 5 percent despite 22 cent div, page-3

This market is irrational. There are a few companies trading below their Cash at bank amount. But it is a game of supply and demand and at the moment the sellers are winning and the buyers are hesitant to dip their toes in fearing they might get burnt.

On CFE, I fear that it will drop even more after the cash back & dividend goes through. That's why I haven't come back in.

Their African adventure sounds risky as well. As no drilling has been performed and they are shelving out $25 million for the drilling and feasibility. Also they already put a price of $200m to buy the project when no drilling has been done.