CLE - Shaping Up To Be The Next Fortescue Metals Group., page-371

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27/03/25

12:17

Post #: 78439286
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Originally posted by Beton2: ↑

The BOD has a figure. A figure that they would be happy to support. It has been rumoured about. I believe that it too low. If it went to a vote, the BOD would win. So it is a case of getting a good amount and being free to use it, or hanging around for a long time to get a motza. How much is a long time. It is 2 years to DTM another 4 to get the mine running in full swing and then at least 2 years to run down the CAPEX. Thereafter will be gravy.
How much is enough? CIA is worth $3B on a good day. We should be worth a lot more at DTM. But at DTM we only have 25%, so at least $750M AUD.
The figure rumoured is $500M US. (This was before RM came on board and before we were going to up the resource quantity). So about par. I reckon double this. Hopefully we split it.

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This kind of reminds me of PLS. It was going between 1.9c to 2.2c and then when the strike did happen it went from 2c to 20c.I'm new to CLE and will hold as long it takes and will buy more on dips.

CLE Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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Last 5.8¢		Change 0.000(0.00%)		Mkt cap ! $63.43M

Open	High	Low	Value	Volume
5.8¢	6.0¢	5.8¢	$193.8K	3.293M

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No.	Vol.	Price($)
1	311000	5.7¢

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Price($)	Vol.	No.
5.8¢	36409	1

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No.	Vol.	Price($)
1	85	0.058
1	311000	0.057
2	908901	0.056
6	600334	0.055
1	100000	0.054

Price($)	Vol.	No.
0.058	36409	1
0.060	695311	6
0.061	100000	1
0.062	200000	2
0.063	200000	2

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CLE - Shaping Up To Be The Next Fortescue Metals Group., page-371

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CLE - Shaping Up To Be The Next Fortescue Metals Group., page-371

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