CLE 0.00% 0.1¢ cyclone metals limited

sold for an extra 35 million, page-10

  1. 1,756 Posts.
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    Hi Corporate,

    CFE laid out the bonds when they acquired Lady Anny in the CopperCo purchase. I think they were referred to as environmental bonds. In the trade sale process CFE will retain these bonds which will add to the trade sale price of 135 M$.

    If the IPO had been successful CFE wouldnt have retained the bonds and would thus have ended up with less cash than with a trade sale.

    So this is definitely a better outcome for us shareholders and CFE.

    The dividend will be coming once we got governmental approval for the sale which wont be a problem.

    This will take approximately 4-6 weeks to settle.

    Afterwards we'll be able to reap our dividend of 10 c/share.

    My thoughts are that we can expect the dividend to come in late April, early May.


    All good on the CFE front.

    Cheers.

    You can contact me on Skype: chry85



 
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