In Germany we received a mail from the IR DGWA regarding FE and CFE.
Translated with Google:
"Dear shareholders,
The drilling results reported today have been negatively received by the market. Specifically, there were two large sellers in Australia (but with less than 10m stocks, the volume for such a move was low).
To the facts:
FEL has reported 3.5% copper - a VERY GOOD GRADE
FEL also reported cobalt occurrences in this copper
FEL has reported the progress of drilling and other future results in zone 7
FEL has not started work in zone six yet
In our opinion, especially as a result of an interview by Tony Sage and the Roadshow in February, a very high expectation regarding the Cobalt results formed, which could not be met, at least in today's message. On the one hand, the sellers ignore the very high copper content on the one hand, and the progressing drilling work in Zone 7 and, in the future, Zone 6, on the other.
The companies of the Cape Lambert Group report regularly and transparently, they are neither lied to, nor kept secret or misled, so we ask them to keep the communication with us and our Australian colleagues objective, even in times of falling prices. The entire team is also invested and also hit by falling courses, insults are out of place. Mr. Müller is in the market this morning as a buyer in FEL.
Best regards - DGWA Investor Relations"
CFE Price at posting:
3.8¢ Sentiment: Hold Disclosure: Not Held
