CLE 0.00% 0.1¢ cyclone metals limited

Ann: Quarterly Activities Report and Appendix 5B , page-7

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  1. JID
    3,679 Posts.
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    re: Ann: Quarterly Activities Report and Appe... Hi Guys,

    The $80m possibly due from MCC will add significant upside to the SP if/ when announced that it has been received (14c per share).

    There is no certainty that it will be received however, but:

    (1) TS buying a truckload of shares
    (2) He states in CEOanswers (I think that's the name of the website - refered by another HCer a while ago) written by TS that he was very confident that this money would be received and that CFE was in regular contact with MCC.

    If MCC don't pay I don't think we take CLN back however. My understanding is that this was like a 'top up' component based upon environmental consents being approved within a certain timeframe - happy to be corrected.

    IMO SP will rise +14c if money comes in and maybe drop 5c if it doesn't... with TS buying heaps of shares my guess is that the $$ are coming...

    Have a great weekend

    Cheers
    John
 
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