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0.2¢ cape lambert resources limited

Ann: Cape Lambert Finalises the Joint Venture Agreement, page-9

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BarrenBuffett

2,983 Posts.

74

03/05/17

11:36

Post #: 24435492
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Originally posted by thunder54 ↑

Really like this play, near term cobalt production on the asx that a rare thing it's not like lithium take your pick of a half dozen good small companies headed to production, on the small side we have CFE and CFE alone looking at near term production.

On top of that out of all the hopefuls it's the only primary cobalt play I have seen with any chance of seeing production, forget the pretenders like COB and ARL they are a million miles from being economic, BMT,WMN I do like but they are still at the soil sampling stage not comparable.

Next step drill the tailings if the sample grades are consistent over the whole area 8m deep then this project is in business, looks good.

My only concern with CFE right now is WTF are they spending $800k a month on in admin for the last 12months??

To me that is criminal behavior when running a small cap explorer, most are running well under $800k admin a year, they are doing it a month that its a huge red flag that this is a lifestyle company not a serious exploration company, can anyone explain the admin costs?

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800k a quarter between 3 directors is pretty criminal I agree. They are filling their pockets up no matter what happens to the company. Pretty concerned about it.

CFE Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
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