CFE 0.00% 0.2¢ cape lambert resources limited

Back to the facts - 12 month to production, page-42

  1. 784 Posts.
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    The CFE leadership team makes more off directors fees, bonuses to their consulting companies and paying themselves rent on their properties than they invest in this.

    People wave their hands in the air all the time that TS has invested his own money in buying shares - which gives it media  that he wants but it is only a fraction of the money coming to him from the CFE bank accounts. Mueller bought recently and they got their cheap articles but in reality it was only $15,000 or so worth, hardly breaking the bank on it.

    While still trying to maintain a positive outlook on this, the only mining that TS has done .... ever is shareholder value.

    From the 2017 annual report
    "The term of the Lease Agreement is 1 April 2012 to 31 March 2020 with an option to extend. The lease is based on an area of 1,148m² at a rent of $459,200 (excluding GST) per annum" -
    CFE is paying Oakwood Pty Ltd $3.6M over 8 years which is about 30% over market rates for that area.
    Plus the 700,000AUD salary for CFE 300,000 for CXU and FEL or $8M AUD over the same period -

    So tell me - based on this, can you honestly tell me his 9.3% holdings is nothing more than security for control?

    Cmon Offtake agreement!!!
 
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