Good news.
Yes, it looks very much like the takeover of AKI that Tony alluded to is about to happen.
It just shows what happens when assets get monetized in the current market.
Whilst CFE has an asset (with an uncertain value), the market is unwilling or unable to price it correctly. When it is sold (or taken over), the value of the cash is undeniable, and hence there is a rerating of CFE.
And it will be the same with CFE and Marampa, except on a bigger scale. The market is uncertain of Marampa's value. When that value is crystalised in the form of a sale (or float), CFE will be rerated upwards.
The gap between the asset value (uncertain) and the sale price (asset value now known) closes.
Well done Tony and Team.
Yaq
The only unfortunate thing about CFE is that it seems destined to forever trade well under its true value, only going up in steps as assets are sold and special dividends announced.
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