CFE 's doubters, page-21

Hi Motley,

It does disappoint me that we are now trying to focus on discrediting me and my holding position rather than analysing and providing fact based discussions on Cape Lambert and its master Tony Sage.

Seeing as you asked - although none of anyone business but mine. I am a long term holder who averages in around the 5c mark. As for quantity, it is one of my smallest holdings but definitely the most intriguing.


I have watched this one for many years and although I continue to hold out hope that TS will do the right by shareholders, analysing what is said versus what actions are taken - I have come to the conclusions that he still good at identifying good deal but even better at taking more than his fair share of the pie for himself. (and mates)

Ultimately I do not believe TS cares what his shareholders think as he continually treats them with disdain while taking money from the pot. He is adept at spinning a positive story, especially making a slim chance sound like a sure thing.

He is really good at spreading out his income sources across his little empire to hide where the money is flowing to him. Paying himself multiple wages across shell companies, CFE shareholders paying well over the market price to rent office space - funny enough owned by TS. The allocate to child company and then dilute CFE holding in favours of his own is a great way to keep control and continue the income.

You mentioned again about the FEL deal being because they have too much on - I have pointed out through ASX reports on a couple of occasions that FEL is just another letterhead and the same 4 (of 5) people just claiming pay checks and are listed as key personal on other TS group of companies. (Along with a 250K share give away to a mystery 'facilitator')

You give TS too much credit for working hard for his pay-checks (and other cash extractions) - it is 8 years since he made a successful deal or shareholders saw any money. There was a point no so long ago that TS was almost voted out, it was only again another sly move by stacking the share registry at the last minute with a mystery sophisticated investor paying over the odds for the shares at that saw him remain. (do the calculations)

I will be straight with you as well - I thought that TS was intentionally tanking the share-price whilst AML administrators were the majority shareholders, paying a dividend would have been giving money to your competitors.

After that I thought he might start working again for the shareholders and his own share value, I am yet to see that play out. I believe that if he is kept honest he is more likely to start taking shareholders needs seriously (he is also pretty brazen at times) - there is a reason why with the mentioned potential of the Cobalt play that we are sitting at 2.2c and not 15c. Not many others believe him either.

Overall, I am happy to 'go for broke' with CFE because I believe in the assets but not the willingness of the chairman to share the wealth. I will call it as I see the information presented (you call it bi-polar), if it is good then I will call it that way - if it is dodgy, I will present FACTS that support it.

Right now all the counter arguments I am seeing equate to 'gut feeling' and wishful thinking, with a personal attack on anyone who rains on their parade. How dare I question Tony's motives!!!

Anyway thank you for asking - feel free to block me if you find my research unhelpful to your cause.