Cape Lambert Iron Ore Share Discussion Threads

[divinausa1] 16/4/2008 12:21

just 2 weeks till end of month....

[paulie1] 14/4/2008 16:17

very quiet here should i be nervous

[phil81] 02/4/2008 08:27

wait for more news then we will blast past 31

[jailbird] 02/4/2008 08:12

down in OZ of last 2 days..i am assuming profit taking.

This is struggling to break 31p..

[jailbird] 31/3/2008 07:02

flying in OZ again..another 6.92%...should see a breakout today.

[phil81] 28/3/2008 19:57

have a look at post 620 i think this is the way forwards for the company

[paulie1] 28/3/2008 15:36

thanks i just checked..only asked because seen all sorts of predictions.One question after if they sale what happens to the company then

[phil81] 28/3/2008 13:00

Paulie i expect 43p as do many others if you read back through previous posts

[paulie1] 28/3/2008 12:41

so if all goes well what are the general predictions where this will reach

[jayj4u] 28/3/2008 11:01

nice move today. If it can hold above 30p then we should move higher from here.

[chartsmart] 28/3/2008 09:12

I make it up 8% in Oz at close. you can add it to your advfn monitor asx:cfe
I am looking for ~45p counting options and shares and cash. Anyone holding this long term has had a real rollercoaster ride and we might see some resistance at this level on the leading market in Oz.



SP went to 32p on the back of the Ding deal which then failed so I see that as a risked price that the market is happy with. That deal was worth AU$250m for a 70% stake which valued the project at AU$350m.

The new MCC deal is worth AU$400m for 100% so we are getting an extra AU$50m as I see it over the Ding deal although we must have spent more since and also feel this deal carries much less risk than Ding who was trying to get funding in a bad market. MCC are cash rich and already in the area.

Divina it was my understanding there was an upfront payment of AU$2m as a deposit in the previous deal, 750k of which was non refudable although I cant remember the legal costs involved and whether they were carried by Ding.

[johnspain] 28/3/2008 08:37

jailbird,
thanks.

[jailbird] 28/3/2008 08:34

john,
reading back 43p

[johnspain] 28/3/2008 08:32

Stenmis,

"So certainly upside but not quite as straightforward as it seems."

Anyone got some numbers to put with this? How much upside is reasonable?

Nice to read some reasoned comment on a bb for a change.

[chartsmart] 28/3/2008 06:52

CFE seems keen to notify that all is on track this time round. Looks like no messing about from MCC.

[pugugly] 27/3/2008 10:26

SteMiS:> Excellent note. If you are not already in the City you should be - Far better than most analysts notes that I see.

[stemis] 27/3/2008 08:21

Clearly the Australian market is controlling the price.

[jailbird] 27/3/2008 08:15

wish i bought more now....

MMs want your shares...i've noticed they will offer at least 1p over the bid recently..

[jailbird] 26/3/2008 07:40

volume and rises in OZ just getting bigger now.

[phil81] 25/3/2008 16:45

Good volume today i expected the share price would have gone up more than it has.

[divinausa1] 25/3/2008 14:43

nice work SteMis

just add to that MCC have already paid $5 million up fron so they are very serrious about securing the deal where the previous Chinese deal had no upfront payment.

40% gain from here would be very nice. Do i buy more is the question. hmmmm

[stemis] 25/3/2008 12:47

2 of those trades are mine (although unfortunately not the biggest ones!).

I've done a write up on Motley Fool



Roll on 30 April!!

[gsands] 25/3/2008 11:42

Perfect 50% retracement, then upwards again: