CFE 0.00% 0.2¢ cape lambert resources limited

After a flurry of TS spin, things are starting to look very...

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  1. 784 Posts.
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    After a flurry of TS spin, things are starting to look very shaky.

    - Nearly out of cash, down to the last million and quarterly operations are nearly this.
    - Cobalt price heading south
    - No sign of off-take funding agreement in spite on hiring an old-brit working out of his house to facilitate the deal.
    - Giving away an asset plus ~1/4 million in FEL shares to a mysterious 'Deal Facilitator', which lets be honest - is TS or a sub-company of his.
    - Still no sign of anything from the SL Timis cash give away.
    - EUR has halved its value over the year.
    - Approaching the promised 6 months mining date.

    I am going to put it at 30 - 70 that we ever see a cent from the cobalt play versus turning into another Marampa.
 
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