Joey,CFC might come back with a 35 cent bid but is it enough to...

Joey,

CFC might come back with a 35 cent bid but is it enough to keep everyone happy. I say no.

So what are the other options? A Capital raising.

That might not come in the form of a rights issue.

Could be a placement to a srategic investor who wants exposure.

And I say this is the case considering the current market price is at 20 cents and not closer to the 35 cents CFC bid.

TO be honest. I'd prefer the short term price weakness of a Capital raising for the potential of a long term price recovery if the mine starts performing.