CLE 0.00% 0.1¢ cyclone metals limited

aki escrow expiry.

  1. 1,046 Posts.
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    Just wondering if anyone had any thoughts on the looming Escrow expiry on CFE's AKI shares. With CFE holding about 25% of the existing stock (currently valued at approx 30mill) you have to wonder whether a prompt divestment in jan will occur (obviously market conditions permitting), so that the funds are available to be used to finance the planned activities mentioned for their pinnacle sites in 2012?

    in my view this would make sense as the company would still collect the Mayoko production royalty and still maintain decent exposure to IO, and with the burgeoning interest in AKI especially from EQX and Blackrock, the timing could be perfect.

    This would also allow other cashflows i.e the 80mill MCC(..hopefully) and the Sappes payment to be put to work diversifying into other resources/ buybacks/ capital returns.

    Could be an interesting start to 2012...!


    DYOR
 
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