CLE 0.00% 0.1¢ cyclone metals limited

general meeting, page-15

  1. 428 Posts.
    Hi usexpat,

    You posted that the vote for the acquisistion of 100% of Marampa passed but was close. I think you might have missed something here. The announcement of the results of the AGM had 236,753,326 for and only 49,640 against this resolution. That's pretty strong support in my books. Regardless, I agree that things are looking good, especially if the insto selling recently is just about out of shares. When you think about it, the SP has held up quite well, considering huge falls in Wall Street coupled with an insto selling. Presumably, these shares have been soaked up quite well. When the insto is completely out of the picture, it should be plain sailing, if the DOW holds up. Personally, I feel the drops in the DOW last week were short term knee-jerk reactions to US financial regulation and China looking to prevent it's economy from over heating, both of which will be helpful over the longer term. More of a blip and an overdue correction IMHO, rather than something more serious.

    Peter
 
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