CFE 0.00% 0.2¢ cape lambert resources limited

Poor Stefan,  bet he regrets ever meeting Tony. It is my opinion...

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  1. 784 Posts.
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    Poor Stefan,  bet he regrets ever meeting Tony. 

    It is my opinion that they are intentionally holding back on the drill results as a part of the sale process. Something maybe to hype the value to a buyer about to sign on the dotted line. 

    My logic here is that 
    * TS buys and sells, doesn't produce  
    * sells to someone with distribution capacity
    * lots of promises of what can be done and little to no progress on plant in 2 years, only studies to define value.
    * Four months for results that were due week s after sampling puts them as a tactical  hand
    * The cobalt price is well below business case expectations so pre existing handshake deals are being re cut.
    * Moved from profit play to survival 

    This will not be the last extension to the suspension 
 
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