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0.2¢ cape lambert resources limited

I agree rarebird good money to be made here and cobalt us headed...

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20/06/17

12:46

Post #: 25378827
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Originally posted by rarebird1971 ↑

Tony Sage came to prominence in 2008,when he sold a magnetite project called Mt Anketell to the Metallurgical Corporation of China for $400 million after buying it 18 months earlier for just $20m.

He also created history in the sector by buying the debt of receivered company, CopperCo from the banks and converted that debt to equity. Since then sold all the CopperCo assets for approximately $300m.

Since 2005 when Cape Lambert was floated a staggering $235m has been returned to shareholders in dividends buybacks and capital returns. The Company has only raised one lot of capital since listing at a 300% premium to SP

The other notable deal was the sale of African Iron Ltd to Exarro. The asset was originally purchased for $2m and sold 2 years later for a see through value of approximately $375m.

Ticks a lot of boxes for me....

If TS can turn Kipushi into $250 million then that my fellow HC friends is a 30 cent SP

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I agree rarebird good money to be made here and cobalt us headed for $100,000 ton

CFE Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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