The announcement is touted for this quarter so shouldn't be long now although management has a track record of delivering late on key targets. That being said this project could be free carried now from the value of the EUR shares. The risk with CFE and the cashflow problems has largely been reduced now. IMO announcement to be made over the next couple of weeks. I think the target SP should be over 10 cents given a decent announcement and the metrics around cobalt at the moment. Expect CFE to continue to climb as the announcement draws closer and the market re rates this stock.
GLTAH
CFE Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held