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: Update on Cobalt Offtake and Funding Negotiations, page-120

First 120 Last

Share
Profile

Follow
AllFuelledUp

4,783 Posts.

148

22/09/17

19:25

Post #: 27405858
Share

Originally posted by The Mole ↑

If the question is what CFE is worth, then the following may assist.

Apart from the cobalt plays.

CFE has holdings in CXU (15.9%); IGS (21.44%); FEL (59.6%), LRS (4.2%) and EUR (15.3%).

The market cap of these holdings yesterday was $50.85m and CFE''s holding is $9.98m.

There are a whole stack of iron tenements in Africa which are worth near to nothing at moment. There are some copper tenements in Qld.

There's about $12m lent to Frank Timis which has to be repaid to CFE. There are some iron ore royalty payments worth about $2.4m from Timis which are awaiting payment.

CFE market cap is $20m, so cobalt play is worth about $10m based on the other investments being valued at NIL.

CFE 834m shares on issue.

The fact that cobalt play is only $10m appears to show that there is quite a bit of scepticism that the cobalt project will actually get legs. There a number of burnt fingers.

Something will happen, but maybe not what you expect.

Expand

Thank you for that, most appreciated

CFE Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

WC8

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

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

ACW

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

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

HotCopper Highlights: Your most watched stocks for Week 48, 2024

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

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

MIN

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

There are more pages in this discussion • 35 more messages in this thread...

First 120 Last

Add CFE (ASX) to my watchlist