sale of mayoko, page-5

I think this is pragmatic and strategic.

Whilst it may not be as much as some people would like, it gives CFE plenty of cash and 'room to move'. Plus, an ongoing royalty stream when in production. All of a sudden, CFE are a lot more cashed up, and can play hard-ball with Marampa, with the MCC legal issue, and others.

Were CFE strapped for cash, and potential buyers for Marampa would know this, and could negotiate accordingly. This way, CFE retains a strong cash base and a strong negotiating position.

Assuming the sale and float goes through, the concerns raised by some about the cash position are now addressed. Money for expenditure on Marampa to then get it to a saleable stage, and money for the buyback (if so needed).

The market love a company who is cashed up and has options.

Yaq