CLE 0.00% 0.1¢ cyclone metals limited

dividends to come from sale of sappes to glory, page-5

  1. 502 Posts.
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    i think GLY already has the funds raised, just waiting on ASX recompliance and shareholder agreement. pretty confident about getting our $32.5 mill in November. my guess is that we wont get a dividend - i would much rather CFE use the funds to build up Kurana and other african tenements ready for sale/ipo next or buy some undervalued shares.

    marampa ipo i expect is sitting on hold until european debt deal is finalised this week. it would be crazy to try and sell this week or next until a "solution" is out there. Chinese manu numbers may help though from yesterday.

    I do beleive the trade sale option may still come from nowhere in next few weeks.

 
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