The market is not telling us that.Think of CFE as a bank account...

The market is not telling us that.

Think of CFE as a bank account with $1M in it.
If you own half of that the you have an interest worth 500k. If that were traded on the ASX then that 50% interest would trade for 500k. Now if there was an announcement that you were going to get a 10% dividend that 50% interest is still worth 500k. Once you get the dividend then the 50% interest is worth 450k and you have 50k personally.
Throughout the whole process the price + cash received hasn't changed.

Now CFE is very undervalued but that doesn't and shouldn't change because there is a dividend.

(It's worth noting that a dividend gets worse tax treatment than leaving the money in CFE. A 10% capital gain costs 20-25% in cap gains tax. A dividend attracts 10-20% tax after including the franking credits).