CLE 0.00% 0.1¢ cyclone metals limited

55c...what the, page-17

  1. 3,648 Posts.
    I don't have any CFE - I lost a packet when they first announcement the MCC deal and the sp promptly fell!

    If the intent is to make money for SH, then I suggest that the board of CFE take the windfall profit and give it all to SH, keeping only enough to to start the process again.

    Ridiculous you may say, however if you think about it SH were in CFE for the exploration and speculative gains and probably not for long term production, i.e. CFE are years from paying any dividends.

    I bet if there was a resolution to do the above, that the vast majority of SH would agree. All I see now are the board and management eventually wanting more money, more options, more of everything (lunches, diners, O/S trips, etc) based on the "war chest" that is not actually theirs.

    Their is also the fact that in this environment, cash may be king and a substantial return of capital would be better than pie in the sky promises - but as I say, let the SH decide.
 
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