Not sure what to think of this one - in my mind it could be one of two things.
1) They want to get the best long term deal out a group of suitors so they are employing skills and experience which they dont have.
2) No player is taking them seriously with the assets so they are getting a deal broker on-board with some additional credibility to shop it to his contacts.
Previous statements from TS have that they were in discussions with a number of large metal brokers (probably not Geralds as we are in court with them) to upfront the development costs.
A relatively large volume traded today, dont know what to read into that especially after the upward pressure in anticipation of the announcement. Were they expect a done deal?
CFE Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held