Ann: Quarterly Activities Report and Appendix 5B, page-5

Initial review.

Indifferent
Not a great deal has progressed in the quarter, still a lot of 'it is coming' information.
Mentioned the talks with Investment firms
No value from Metal Risk Management realised to date.
Volumes indicate the sample results are not leaked.

Positive
Great to see that metal brokers are wanting their own samples prior to agreement. TS reputation proceeds him and hopefully this will mitigate any legal battles in the future - which every one of TS past dealings has.  Shows that progress (albeit it slow) is being made.
Some fantastic cobalt samples created.

Negative
Marampa is turning into more lip service, nothing noted on the Gerald Metals and SL stoush so this one appears to be on the backburner and a token effort to resolve.
Dates slipped and buried in this report - CFE modus operandi.
Cash is dwindling, I expected it to be worse than this but they have enough for another couple of months before selling more assets.
The result of Kasombo are pushed back to mid-feb when previously announced late January.
"Assays from the drilling and other sampling are expected from ALS Laboratory of Johannesburg in late January." -- Ann. 8th Jan. 2018
Becomes
"Drill samples were dispatched to ALS Laboratories for assaying, with the first results expected back mid-February 2018" - Ann. 31st Jan. 2018.

Now I know there are those that would be saying I am being harsh on them, it is my belief that they need to restore credibility in their communications and this is not the way to do it. People understand that dates slip due to reasons beyond control, right now it just appears that the original dates were complete guess work.

Sentiment (THERAVEN's only - do your own research)
Overall still positive about the cobalt play, needs better communication. It is fine to promote it, when you miss all your targets - they lose effectiveness. Coming up to a year into Cobalt production, still lacking clarity as to the actual asset that may introduce doubt into market about investment.
Needs some actual results soon or the market will move onto another stock and funding will become hard.

I will take some more time and research to further view this one - TS loves a good easter egg hunt in his comms.