research report

For those who may have missed it , Fosters Stockbrokers did an in-depth research report on Cape Lambert ( CFE ) on 31st October and mentioned their holding in IGS . They said that CFE had a 29 % holding in the company which was described as a gold explorer with projects in Brazil, West Africa and Australia . They opined that, with a market cap of just $ 21 milliom and with $ 16 million in cash it had highly prospective exploration projects and was viewed as a potential M & A Target .

This gives me hope .