Hi Corporate,CFE laid out the bonds when they acquired Lady Anny...

Hi Corporate,

CFE laid out the bonds when they acquired Lady Anny in the CopperCo purchase. I think they were referred to as environmental bonds. In the trade sale process CFE will retain these bonds which will add to the trade sale price of 135 M$.

If the IPO had been successful CFE wouldnt have retained the bonds and would thus have ended up with less cash than with a trade sale.

So this is definitely a better outcome for us shareholders and CFE.

The dividend will be coming once we got governmental approval for the sale which wont be a problem.

This will take approximately 4-6 weeks to settle.

Afterwards we'll be able to reap our dividend of 10 c/share.

My thoughts are that we can expect the dividend to come in late April, early May.


All good on the CFE front.

Cheers.

You can contact me on Skype: chry85