why didnt it do better

I think the majority agree that CFE should have traded higher to day - whether its 80c or $1.20 - it got nowhere near it - why not?

1. A pathetic $750K non-refundable deposit - might as well have not mentioned it. Strikes of pure ameteur hour.
2. Why would Sage say he wanted to look at new deposits - isn't approx( a minimum ) 100m tonnes enough to generate unbelievable cash flow - at an operating margin of say conservative $20/tonne - thats 2 billion in cash flow over say 10 years at 30m tonnes pa. The market does not want him to do anything with the cash but ensure the project comes togther and is delivered.
3. The market does not like their CEO's to be ex-nightclub owners.
4. Macrae has mentioned the diabolical share register - its a nightmare and there is no loyalty.
5. There was no presentation to accompany the announcement to make it very simple for people like us. Especially the upside in cash flow once mining starts.
6. Why would he need the cash to fund development - if he has to deliver a BFS then the banks will lend the money.

All in all - very disaapointing share price action. If Twiggy or the guy from GBG had of been running CFE we would have seen over $1 today - yes - it might get there BUT it should have got there today.

Just my thoughts - ps good luck to mickey and mickeygene etc