Hi rdncoic, straight from the CFE please explain... “The Company...

Hi rdncoic, straight from the CFE please explain...

“The Company also holds approximately $6.8m of investments as at the date of this letter which can be liquidated to fund ongoing commitments. These are held in Australian Securities Exchange listed entities.”

What will you do if the CFE sells it’s EUR shares? ie: no more cross promoting.

You say that CFE has 12% (65,483,920) of EUR @ $00.12 = $7.858m
@ $00.11 = $7.203m
@ $00.10 = $6.548m

Looks like CFE may already be selling. At 30-Nov-2018 CFE have $6.8m in ASX listed companies. Their 12% of EUR as stated in EUR’s last annual report at 12c should be worth $7.858M


Quote 82punter.

“Secondly, seems like CFE might have to start selling down its holdings in FEL/CXU/EUR to fund future operations, which if that occurs will dissipate the market cap.


Please corrected me if I am wrong or have missed anything.