It is a pretty good result.
It just shows you that, despite really high commodity prices, equity and asset prices still haven't caught up. Given copper is pushing US$3.40, it isn't exactly top dollar.
But, we buy and sell in the same market. Better that CFE sell Lady Annie, return some cash to shareholders, and find the next underpriced assets.
And the reference to Lady Loretta is also promising. That has been completely off the radar.
Marampa is the next big one. It dwarfs all other assets. Even if TS get 80% of what he has alluded to on marampa, it will mean a huge winfall for CFE holders.
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- sold for an extra 35 million
It is a pretty good result.It just shows you that, despite...
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