CFE 0.00% 0.2¢ cape lambert resources limited

Not sure what to think of this one - in my mind it could be one...

  1. 784 Posts.
    lightbulb Created with Sketch. 193
    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?
 
watchlist Created with Sketch. Add CFE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.