CLE 0.00% 1.9¢ cyclone metals limited

change in buyback tactics, page-23

  1. 1,398 Posts.
    sen00

    "Its been almost 3 months since we announced the buy back and have only purchased approximately 3% of the 10%, so I do not think we're being too aggressive."

    Just curious about your post today. You said TS replied to your email in 15mins yet he claims that CFE is only 3% into the buyback (10% BB).

    Currently it stands at 4.65% bought back.

    "Also the market is going to value us higher so we don?t want to pay too much in 3 months time."

    I doubt very much if TS would make such an ann unless he was alluding to the fact that the BB has taken 3mths so far and he expects it to go another 3mths.

    What conclusions are we to draw on that?

    I might be drawing conclusions but that is an overt suggestion that the price may remain relatively the same or decrease back to its original price as at the beginning of the BB, as suggested by Proofreader.

    I find your post disturbing. Care to enlighten us?

    Cheers
 
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