CLE 10.0% 2.7¢ cyclone metals limited

Ann: Trading Halt, page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 9,580 Posts.
    lightbulb Created with Sketch. 222
    My view has always been that the ATO was waiting for the MCC dispute to be resolved to settle and to try to save some face. That the MCC dispute dragged on forced their hand so they disallowed the objection.
    Now that the MCC dispute has been settled the move to a settlement has been facilitated.

    I am guessing that as they have paid 33M of the original $96M, the company will agree to one of the 2 disputed items. No penalty tax will be applied, maybe some interest, but this will be off set to some extent by interest on that portion that they have paid on that issue which the ATO will conceed.

    Most likely the Company may get $15M - $18M back from the ATO and with the litigation risk removed and potentially a 2-4 centd franked divvie to come, we may see a nice upward move in the share price.
 
watchlist Created with Sketch. Add CLE (ASX) to my watchlist
(20min delay)
Last
2.7¢
Change
-0.003(10.0%)
Mkt cap ! $18.76M
Open High Low Value Volume
2.9¢ 3.0¢ 2.6¢ $171.4K 6.067M

Buyers (Bids)

No. Vol. Price($)
1 775524 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 475136 8
View Market Depth
Last trade - 15.18pm 18/11/2024 (20 minute delay) ?
CLE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.