It's funny reading back through each announcement since 4 January 2019 and how the story around Kipushi has evolved...
4.01.2019 - The trading halt is requested pending an announcement regarding the Company’s Kipushi CobaltCopper Tailings Project. 8.01.2019 - The voluntary suspension is requested pending an announcement by the Company regarding theCompany’s Kipushi Cobalt-Copper Tailings Project located in the Democratic Republic of the Congo(DRC). The Company notes that government elections are current in process in the DRC. 21.01.2019 - The Company notes that government elections have been underwayin the DRC with the government elect recently been announced. The occurrence of these electionshas caused delays in the communications with the DRC and the ability of the Company to finalisematters in relation to the Kipushi Project. The Company also wishes to inform shareholders thatsamples from the Kipushi Project are currently been assayed with results expected in the comingweek. 4.02.2019 - The Company notes that Tony Sage, Cape Lambert ExecutiveChairman, has flown to Africa to finalise discussions on the Kipushi Project matter. The Companyalso wishes to update shareholders that assay results from samples taken from the Kipushi Projectcontinue to be analysed with results expected in the near future. 12.02.2019 - The Company in in the process of finalising discussions andassociated agreements in respect to the Kipushi Project matter. 26.02.2019 - Company representatives are currently in the DRC finalisingdiscussions and associated agreements in respect to the Kipushi Project matter.
Clearly something has happened in DRC that the company isn't telling shareholders! I mean, why else would TS need to go to Africa and company representatives need to go to DRC to finalise discussions on the Kipushi project 'matter', when as far as the market has been informed CFE is just waiting on assay results...
Where there's smoke there's fire IMO.
CFE Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held