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.
- Forums
- ASX - By Stock
- CLE
- beware the bot
beware the bot
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CLE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.73M |
Open | High | Low | Value | Volume |
0.1¢ | 0.2¢ | 0.1¢ | $80.35K | 80.33M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 31658116 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 115578703 | 44 |
Last trade - 15.55pm 01/11/2024 (20 minute delay) ? |
Featured News
CLE (ASX) Chart |
Day chart unavailable