Towie tony sage believed it was good value at 59 and all the way down, I am sure he will still think its good buying at 1c. Remember he has 40 million shares. if him buying $10K worth (ie a weeks pay that is coming from CFE funds anyway) will make the suckers think its a good buy and raises the share price by 1c he has just increased his paper wealth by $400K,not bad for a $10K spend. The problem with CFE is that it has really come down to one trick pony Marampa, an assest that that has been on the market for about 4 years now. is it worth anything? I am not so sure. What concerns me here is that even if Sage knew the game was up, he obviously cant sell his shares because then everyone knows the games up, but as long as he can drag it out convincing people he has a $500mill asset he can contiune to pull a tidy $500k + salary until there is nothing left in the kitty. I could live comfortably on that( well financially I mean, I am not sure my conscience could).
CFE Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
