CLE 0.00% 0.1¢ cyclone metals limited

a great opportunist, page-12

  1. 42,142 Posts.
    lightbulb Created with Sketch. 1022
    Ralph,

    Not quite conjecture on your part.

    This was part of the write up posted by "sloanrunner",

    "
    However, Sage is also keeping a close eye on the court litigation currently being played out behind the scenes between Chameleon against Murchison Metals over the Jack Hills iron ore project.

    ?Judgement in the court case is still outstanding but I believe there have been settlement talks going on behind the scenes,? he said.

    ?Getting a percentage of Jack Hills would just put the cream on top of the cake.

    ?I will become a director of Chameleon shortly and will then start to investigate settlement talks, but I would prefer to secure a percentage of Jack Hills rather than a cash settlement.?
    "

    TS believes there were settlement talks so I am led to believe that the calculated move with the investments were further encouraged by the behind the scenes talks of settlements. This will surely indicates that MMX is not so confident about winning the court case and TS is stepping in to negotiate a land holdings entitlements to be a vast land holder. He is not after some consolation cash prize.

    This deal becomes more credible when personal investments are made to demonstrate the confidence of being in the winning circle. We as shareholders are riding his coat tails of success.

    Now when this is done, PDY will be next in line to enter the stable of assets of ownerships. Where does he gets all his Chinese contacts to sell the assets to? :)
 
watchlist Created with Sketch. Add CLE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.