I think is a good deal. Under current debt environment it would be difficult for CFE to finance the billion $ CAPEX.
One tenement not part of the deal. CFE may get a ride on the infrastructure developed by the Chinese. Imagine if tenement is 400mt Fe. I imagine the directors would keep the best for the company. That would be far more than the $420m currently paid.
With 281m shares, 131m options and $400m cash, it would be a take over target if SP stays below 65c.
I think is a good deal. Under current debt environment it would...
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| Open | High | Low | Value | Volume |
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| CLE (ASX) Chart |