Ann: Cape Lambert Finalises the Joint Venture Agreement, page-40

Understand all the long suffering shareholders and it is a shame it has turned out the way it has.

Just want to point out that currently the sp is 0.4c higher than when the Cobalt JV was announced earlier this year.
The market therefore is valuing this investment at around AUD3M on a project that if it was producing cobalt now, based in Aussie with reputable management, would be worth around AUD350M - so the market is discounting the project by around 90% to take into account everything discussed on these threads summarised as management risk and political risk. They certainly have a hot commodity - awaiting further news,




Spozzie