scraps iron ore project over mine tax, page-20

Hi all,

It does seem an odd thing for TS to come out in the midde of the panic selling to say that an iron ore project, presumably Cape Lambert South, is not going ahead. Given that it's been on the backburner for some time as an incidental sideline, the cynic in me doesn't discount the possibility that Sage would like a few more shares. Most of CFE's value is OS (other than Lady Annie) and it's also true that Sage recently bought 1m shares on market at .48c. Be interesting to see if there's a change of directors' interest ann.
Be good to see the Lady Annie sale in the bag, which is is no doubt giving the market the jitters in the current climate. I guess the downside risk is the Chinese may look for a discount, or worse bail. As someone else pointed out, the Chinese are looking for resource security as much as anything, so hopefully it'll be all good, come the end of May. Waiting game, I guess.

Peter