CLE 0.00% 0.1¢ cyclone metals limited

Ann: Legal Action Commenced Against MCC , page-39

  1. 487 Posts.
    Hello everyone.

    I'm not trying to be rude or criticising anyone or the company here, I've found a lot of posts informative, but I would like something explained to me.

    Why do people keep blaming the SP on some power that be holding it down? I've stated something similar to this previously, but if I were a billionaire and CFE was truly such an obvious, undervalued certainty, how are you going to stop me buying/accumulating all the way up to at least 60c, if it's guaranteed to be worth a dollar at least.

    The price is based on supply and demand. If there were more demand, the price would go up, same with less supply. I don't see how anyone can hold down the SP for such a long period if it truly is such a certain buy. Long period refers to the time it dropped after the "no bid" by the Russians.

    In all that time, there have not been enough buyers to drive the SP up, no one has attempted a takeover despite extensive opportunity, hell the company itself doesn't even want to buy shares at what it touts to be 1/3 of true value through a buyback despite having ample cash reserves. So why is this the case if CFE is such a no brainer?

    TBH I have no idea what is going on with the shareprice, but everyone out there with money can't be stupid. I keep waiting while figures of $1+++ are continually mentioned and claims that the SP is being artificially held down.

    If this is true, how are they doing this?
 
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