CFE 0.00% 0.2¢ cape lambert resources limited

Back to the facts - 12 month to production, page-33

  1. 784 Posts.
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    Back when CFE assigned Kasombo to FEL citing CFE was too busy to focus on it, I queried the value to shareholders of this transaction.

    After reviewing the financials of FEL it appeared that without this asset transfer it would no longer be financially a going concern and TS would lose his directors fees.

    FEL was made of all but one director that was already associated with a company located in CFE offices. Effectively a letterhead.

    The most recent quarterly again shows no staffing costs so I will repeat my question. What value does the asset dilution to CFE shareholders of assigning Kasombo give the shareholders not named Tony Sage.

    Feel free to call me negative but I am the type of guy who confronts the co-workers who eats other peoples lunches even if it is the ''boss". This deal still stinks.
 
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