Buffet would buyout Cape Lambert (CFE 44c,CFEO 13c).They have...

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    145 Posts.
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    05/10/08
    03:01
    Post #: 4345861
    Buffet would buyout Cape Lambert (CFE 44c,CFEO 13c).

    They have announced a 22c per share dividend/capital return, payable on OCT 24th !

    Current Cash holdings in excess of AUD$340,000,000 with option money still rolling in daily.

    Even after $100mil payout Company still trading way below CASH backing... plus other assets are free....

    Unbelievable "No Brainer" !
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    lightbulb Created with Sketch.  Great analysis
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