CFE is and investment company and a very successful one. as one investor said recently "the day they start mining is the day I sell". The GFC has presented excellent opportunities for CFE to purchase distressed companies well below the the value of their assests. CFE may do some drilling to confirm the value of the resource but that's about it.
Sage isn't any Messiah but he has made some very astute investment decisions and he is not afraid to put his money where his mouth is by incvesting heavily in his own company and in CHM in this instance which gives holders as sense of confidence.
I can't predict what will happen with CHM but CFE's involvement in this way should give CHM holders some confidence as it seems everyone else is out to get them (MMX,ILP)
(Disc Holding CFE, obviously!)
CHM Price at posting:
9.2¢ Sentiment: None Disclosure: Not Held
