CFE 0.00% 0.2¢ cape lambert resources limited

A mostly nothing presentation but I did learnt that almost 73%...

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  1. 2,983 Posts.
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    A mostly nothing presentation but I did learnt that almost 73% is with institutions/Top 20/Directors - maybe a good thing ? - at least prevents volatility

    What I found different was

    Size of the tailing dam has changed from 1200X400X5 to 1000X400X8 (ok they say "over")

    Also ownership of Paragon to increase from 70% to 85% (and not 80% as originally published)

    The processing plant is mostly complete and requires commissioning. Now the equipment looks dead set chinese made to me so I have no doubt it requires a good birthday - requiring $$$$ - $3.1 Mil cash can be burnt quite switftly on that.

    working capital requirement to be funded by offtake arrangements.

    I just cant trust the management - I think some ground work is being getting done for another capital raise in the near future.

    My 2c anyway

    ps - it says $175m returned to shareholder through dividend and capital returns - LT holders might want to comment on that ?

    The only saving grace I have is that Ididnt invested too much on this. CFE sounds like an elaborate scam to me...
 
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