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GFE - Global Iron

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YOUNG_TRADER

Joined
18 February 2006
Posts
4,200
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Hey guys,

Just a quick thread starter,

New Iron Ore IPO,

Spun out from Cape Lambert (CFE)

Very tight registry,

20m shares + 10m (promoter) 20c unlisted options

Has cash of $3m

IPO price was 20c, so is up 300% on IPO, but at 75c mkt cap = $15m undilluted and $22m dilluted,

Given current mkt sentiment who knowws where this could end up

Watching

p.s. Any lucky bastards out there get in on the IPO?
 
Re: GFE - Global Iron Limited

An iron company spinning out an iron company...WTF! Iron is the new uranium.... LOL .............
 
I have 50,000 shares which I got via the distribution from owning CFE shares, turned out to be a nice investment.

Will be holding on for a while given the state of the iron ore market.
 
Anyone how much GFE I should get for the 5000 CFE shares which I sold on 05/10/2007 which I bought on 30/04/2007? Why I did not see anything in my IB account? 1 for 80. then I should have 62.5 gfe in my account. where is it now?
 
mick2006 said:
I have 50,000 shares which I got via the distribution from owning CFE shares, turned out to be a nice investment.

Will be holding on for a while given the state of the iron ore market.
Click to expand...

Do you mean you once had 4000000 CFE shares in your account. That is a very big amount. The value is nearly 2m.
 
Anyway... ANYWAY.... my lost GFE shares at todays close adds up to real money. Indian givers. I held CFE shares for six months and sold when I could see no other choice. If I had sold when I first proved my concern with the 70% sale the CFE share price was in the 70's. After a long phone call to management I held and kept the finding to myself. Next time I will trust my own judgement..... and I did.... and I was spot on.

GFE site's not up and running? What makes you think it ever will? I don't know what resources they have (neither do they "THEY SAY") but if the CFE site is an example of GFE's site then "who cares" .... I want to know who owns the other 80% of GFE? hmmm
 
how long you have to hold the cfe shares to get some global ones? I bought some cfe on 26 september, can I qualify for some shares?
 
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