Ann: Quarterly Activities Report and Appendix 5B, page-8

Wow what a sad state of affairs, I regarded this as a good investment many years ago when I bought into this, with a director who I thought was a capable deal maker & hit targets & timeframes.

How pathetic, we now effectively have nothing of significant value, TS appears to be so lazy now he doesn’t even bother to remotely hit any dates that he announces, we are now absolute junk status and rightly so.

The directors fees and rent are atrocious and are not warranted, especially for such dismal performance.

Cobalt price has dived since there was supposedly people interested in an offtake agreement and yet we are still waiting for results! Marampa again ? TS has burnt nearly every insto that supported him with cash & only had loan sharks left. He was nearly outed due to loss of confidence & that should of been a wake up call.

How about you make a decent effort to recover the money you lent your mate FT ? How about you cut your sky high rent + pay packet. How about hitting some targets? That will demonstrate that you are a director and value your shareholders & thier capital they trusted in the company. It takes a special talent to wipe out so much money and see the SP drop from nearly $1 to 1.6c in a few short years. (8c-1.6c) last year alone.

I can only see rediculous greedy directors fees and utter incompetence sadly and no way out unless a miracle occurs and something good behind the scenes is going on.

CFE’s O/S SP closing at .08 EUR doesn’t inspire further confidence either.

This is make or break for CFE, either the results are good and a decent deal can be struck or this is dead. If this dies I’m fairly certain a class action will follow, the interests of S/H in the past years have not been looked after at all through pure mismanagement & incompetence.

This has been more a comedy show that has gone terribly wrong.

Let’s see how this pans out, we only have a few days left(unless it’s extended again)


Good luck to all invested, hoping for a miracle however slim the chances are.