marampa plans 2, page-11

Looked like a mexican standoff this morning as far as trading in CFE is going, buyers won and 48.5 almost taken out.

African Minerals went up 5% overnight in London trading so for me that is a positive.

Good point imspartacus regarding current interest in West African iron ore plays. The interest seemed to fizzle out pretty quickly after the US stock crashes, I mean even Sundance is still trading below the 50c Chinese quasi takeover number.

My thinking is even if we can get $250M for Maramapa we would be doing pretty well. In my view I can't see the Marampa IPO raising $600M+, which is what the new company will require. $250M to pay out CFE and the rest for mining capex - or are they going to borrow that ;)