Big placement which most probably provides enough funds for the quarter. Who knows what is happening in the background, but I'm hoping it is more about confidence in the project as per the announcement. I believe European school/summer holidays begin late this month and then conclude by September so with our European focus it may turn out to be a waiting game in negotiations. Good time to buy before a concrete deal approaches. Whilst personally happy with my holding, I'm trying to find some extra funds over the next weeks.
1 billion plus shares on issue was almost always inevitable and already factored in for me, eg. as soon as production begins, JV partner Paragon bonus shares kick in as per original announcements.
Good luck to all CFE holders.
CFE Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held