CLE cyclone metals limited

Beware - read Cleansing Prospectus - misleading heading !!

  1. 142 Posts.
    lightbulb Created with Sketch. 18
    I urge everyone to read the Cleansing Prospectus and my post under it.
    The heading is very misleading - makes it sound like the typical cleaning up of insignificant small parcels of shares, but as I see it, it is actually going to release a huge number of CLEAT (CLE unlisted options exercisable at 3.2c) onto the market - 337 million of them actually at a time when our heads number 1080 million. That's a quantity of 31% of heads.
    Can only lead to downward pressure on share price imo.
    And the offer generates $35 but will cost $42,922 ... so we shareholders will have to pay $42,887 for the right for ppl who have basically free unlisted options to convert them to listed options and be able to sell them at a premium without having to find any funds to exercise them ... this is just a money grab for people who want some liquid funds imo.
    DYOR and Voice your dis-satisfaction if you agree with me
 
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(20min delay)
Last
7.9¢
Change
0.008(11.3%)
Mkt cap ! $83.71M
Open High Low Value Volume
7.4¢ 8.1¢ 7.3¢ $946.5K 12.42M

Buyers (Bids)

No. Vol. Price($)
2 15373 7.9¢
 

Sellers (Offers)

Price($) Vol. No.
8.0¢ 900000 5
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Last trade - 13.57pm 28/07/2025 (20 minute delay) ?
CLE (ASX) Chart
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