CFE 0.00% 0.2¢ cape lambert resources limited

Cash Balance As at 31 March 2017, the Company had approximately...

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  1. 3,620 Posts.
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    Cash Balance
    As at 31 March 2017, the Company had approximately A$1.7 million (including FE Limited cash of A$494k which is consolidated in accordance with accounting standards) in cash at bank.
    Investments
    Sale of Mayoko Royalty
    On 13 February 2017, the Company advised shareholders that it had sold its 100% owned royalty in the Mayoko iron ore project for A$1,000,000. The sale is subject to the formality of the new owners signing off on the transaction, which is currently being progressed.

    So, Is the up-to-now unpaid Mayoko Million included in the cash balance of "approximately A$1.7 million (including FE Limited cash of A$494k which is consolidated in accordance with accounting standards)"? If it is, CFE has about A$1.7 million in the bank.
    If it's not, the math sez CFE has about A$700,000.00 in the bank. And that's the t s's annual salary.
    Who, or what, is gonna crack first?
 
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Currently unlisted public company.

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