Australia's largest stock trading and investment forum Australia's #1 stock forum

CFE

Click for more information

0.00%

0.2¢ cape lambert resources limited

Ann: Kipushi Tailings Project Update, page-25

First 25 Last

Share
Profile

Follow
MeToo

3,857 Posts.

79

27/03/18

19:55

Post #: 32068840
Share

Originally posted by theraven ↑

I am not going to argue the fact they paid 240m in dividends nearly decade ago.

But .... There are a few things about that you should know.
It was off sales of approximately 750M, the other 510M went were?
Proceeds were from a couple of lucky sales post gfc. Nothing since.
Everyone of TS companies has ended up in court over the deals they made.
The maximum dividend was 14c on shares that traded at 60c .... Not great shareholder value for those investors.

Dividends are return on investment, it is not Tony's good nature to pay those investors what they are entitled to.
The investors that received 240m in dividends got less that 1/3 of the profits, and probably half of what they were entitled to.... Yes entitled to, it is not TS that decides this.

Now before you call me Bipolar again, I play what is presented on facts. And until deals are signed even this good quality announcement is just hope.

Who knows, the offtake agreement could be with Timis & Sage metal brokers (hq leederville) for 10,000 AUD a tonne of cobalt.

Expand

Hi theraven, have you ever considered or calculated how much tony and let’s say, friends received out of the $240M?

CFE Price at posting: 4.2¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 45 more messages in this thread...

First 25 Last

Add CFE (ASX) to my watchlist