CLE 0.00% 0.1¢ cyclone metals limited

should of sold cfe rather than the project, page-10

  1. 3,648 Posts.
    Can't agree - no matter what happens today, the underlying value of a CFE shares has doubled. For example, if the MC of $134 was based on the Cap Lambert Project, well that portion is now worth $400 TODAY.

    Some are using FUD to undermine the sp, e.g. there is some uncertainty over the full size of the resource MCC are acquiring, however CFE stated it at 1.5Bt with over 900Mt as indicated - thats under 50c a ton at the MCC purchase price of $400m. I am sure this is what CFE have quoted to MCC, so that means that there is almost a 100% chance the DD will be Ok.

    Then there's the tenement adjacent which could have high IO and its still CFE's - someone said it could be 100's of millions of tones (lets say 300Mt is there) - so I can't see this being anything other than a good deal for SH - with the remaining tenement potentially worth $1B!

    17m shares have been sold today and no-one wants to part with them for anything less than ~50c - so much for a sell off.

    BTW, you said, "Theres been a ton of people looking for the opportunity to exit this stock, 1000 odd already today." What does that mean? There were equally a lot of ppl interested in buying and at higher prices than yesterday! Sheeesh!

    Although, I see a lot of ppl trying to exit with a profit, the vast majority of sellers (on screen) are holding out for 55c plus - and with good reason IMO.
 
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