I am a bit late in reading the latest Fat Prophets report and...

I am a bit late in reading the latest Fat Prophets report and find it difficult to summarise. It leads with the suggestion that the funding battle over Einasleigh indicates that "the project is that good". "The recent close above the technically important 200 day moving average suggests a continuation of the uptrend". They consider that the Jintai and Taifeng HK proposal captured much more value out of Einasleigh for CSE shareholders than the Kagara proposal, and the shareholder dilution under the J&T proposal would be more than offset by the improved investment value. The funding issue is a part of the normal development cycle. The sale of Watford Creek provides working capital. There is significant potential across prospects already included in the JORC. Buy recommendation.

Hope this helps.