insider trading, page-2

Yeah yesterday was pretty blatant with the announcement coming out today. Still, it may not be the company's fault, there would be quite a wide variety of people who knew that this was on the cards including many who were connected with GLY and the lead broker.

Still, I think it is a very good result for shareholders.

Since I have bought in, TS has sold:

LL for 30m
Marampa for circa 100m
Sappes for circa 45m

That is pretty good going in less than a year if you ask me. I am reasonably confident that he will be able to offload Marampa for around 300m, which makes CFE look very undervalued.

Yes TS is usually overoptimistic on timeframes but he has now has a track record on delivering on or near his asking price. With any luck we will get some action on some of the sleeper assets such as Australis, Leichhardt or some nice drill hits from Sandenia or Kukuna.