CFE 0.00% 0.2¢ cape lambert resources limited

So back on 21 February 2017 CFE announced it had acquired the...

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  1. 618 Posts.
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    So back on 21 February 2017 CFE announced it had acquired the Kipushi Tailings and Kasombo Cu/Co project for 90,000,000 CFE shares @$0.019 ps ($1,710,000 value) + US$150k cash paid already + US$150k & 50,000,000 CFE shares upon first production (i.e. $1,860,000 upfront consideration and circa $1,650,000 contingent consideration)

    Today, CFE has 'onsold' the Kasombo project (retaining the Kipushi tailings) for 25,000,000 FEL shares ps @$0.025 ($625,000 value) + $50k now and $75k in 3 months (i.e $750,000 consideration).

    I can see why CFE has gone down following this announcement and FEL has gone up as FEL appears to have acquired a valuable asset for a bargain and only had to issue 10,000,000 shares to a 'facilitator' as a transaction cost...
 
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