CLE 0.00% 0.1¢ cyclone metals limited

beware the bot

  1. 2,677 Posts.
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    Over the last few days a BOT is busy selling down CFE with small trades and you can see it again with the sale of small parcels at 45.5 today. I think the idea is to make people think that CFE is doing badly and make them sell at these low prices.

    In the Why so SLuggish thread al1 said;
    "Cash on hand at Nov 8 as stated by Tony was approx $40 million

    the sale to Glory res will initially reap $32.5 million cash with more to follow...see conditions.....
    The Glory capital raising WAS over subscribed...so that $32.5 million will be forthcoming as soon as new issued stock is paid for.

    So $40 mill on hand + 32.5 mill (Glory) + 60 to $80 mill (MCC)
    So the company in the first qtr of 2011 should be sitting on $132.5 to $$152.5 million....

    Then we have the proposed IPO or sale of Marampa (projected at $450 to $500 million) with Broker valuations much higher."

    The highest Broker valation I saw was $1.9 Billion so I'm not getting sucked in by this BOT at work. I think it is some one accumulating for a take over.

    I could be wrong though it might just be someone short selling.

    I think it is going to be a great New Year for CFE so good luck to all us long term holders.
 
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