I think people are failing to see what the company is trying to achieve. It appears to me, they are trying to get their house in order by divesting 'matured' assets whilst trying to generate value in new projects with an easier path to monetisation. The Cote D'Ivoire ground is an example with strong prospects (albeit at an early stage) and the MCC / ATO issues are out of their hands. The whole mining market has tanked as is part of the mining cycle but it will rebound. I reckon watch this space and you'll start to see the positives outweigh the negatives in due course. By the way, the company had $20 mill in cash at the end of the quarter not accounting for the Leichhardt sale. When this is complete, the company will have circa $40 mill cash at hand.
CFE Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
