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Business Description: Cape Lambert Resources Ltd (CFE) is an Australian based exploration and development company with interests in a geographically diverse portfolio of mineral assets and investments in several exploration and mining companies. CFE focus on investment in early stage resource projects and companies, primarily in iron ore, copper and gold in Australia, Greece, Africa and South America. CFE’s hands-on approach is geared to add value and position assets for development and/or sale.
Strategy Analysis: The primary objective of the Company is to develop a successful mineral exploration, development and exploitation business. The Cape Lambert South Project is currently the main focus. A key strategy is to invest in early stage resource projects and companies that are considered to be undervalued or distressed, and ultimately position these assets for sale. To this end, the acquisition of CopperCo Limited provides an exposure to copper, gold, uranium, phosphate and other iron ore assets in Australia, Africa and South America.
Cape Lambert Resources reported negative cash flow of $26.05m for quarter ended 31 December 2012. Operating cash flow for the period was $(22.3m). Payments for exploration and evaluation were $(5.3m). Investing cash flow was $(3.75m). Financing cash flow was nil. Cash in hand at the end of the quarter was $49.58m.
The Age 18/05/2013 |
As Australia's major retailers increase their online sales channels, pouring millions into their websites, they could face new competition from China's booming e-commerce industry.
The Age 18/05/2013 |
Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending or, if you're a really bad person, increase taxes. They forget it's the budget itself that's supposed to do the heavy lifting.
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