A question for Sellier:
Why would Tony wait until Marampa and Lady Annie is sold before beginning the share buyback?
One, after those announcements, it is difficult to see CFE's price being near the current levels. So it would be cheaper and hence more value accretive per share to buy back shares NOW.
Also, CFE has the money to spend now. Even if a buyback was done for less than 10% of the shares now, CFE can easily fund that, in the knowledge that they will be further cashed up again shortly.
Thanks,
Y
A question for Sellier:Why would Tony wait until Marampa and...
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