when there are more buyers than sellers prices go up. clearly not the case with CFE. Apart from the obvious mess with Europe and US which is not new, CFE will continue to be in doldrums while TS continues to overpromise and undeliver. The lack of information re the $80 mill ( 30% of the market cap) is just unacceptable.
For a company whose only income is from buying and selling other companies, there is just not enough selling going on to justify what must be substantial cash burn rate. Im sure TS isnt flying cattle class on his fortnightly trips to China, which have yielded...let me add it up... about zero. Not to mention about a $1 mill in fees and salary.
The value of Marampa was in getting on line quickly to take advantage of the iron ore price. meanwhile production in Aus by RIO etc is going gangbusters. me thinks the boat has been well and truly missed.
- Forums
- ASX - By Stock
- more buyers than sellers
when there are more buyers than sellers prices go up. clearly...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CLE (ASX) to my watchlist
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.47M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $153 | 153K |
Featured News
CLE (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online