CLE 0.00% 0.1¢ cyclone metals limited

Ann: Cancellation of Shares - On Market Buy Back , page-2

  1. 2,672 Posts.
    lightbulb Created with Sketch. 299
    re: Ann: Cancellation of Shares - On Market B... Someone check my calculations. Looking at the current shares on issue, which are reducing due to the buy back, and working out a per share proportion of the $80,000,000 now in escrow. My calculations is almost 12 cents per share. Therefore if you held 500,000 shares in CFE and the entire $80 million was distributed as a capital return you would get $60,000 back.

    I hope that happens. But I'm only dreaming. Make up your own wish with where CFE are heading. For example factor in a sale of all the other assets as well and getting a slice of that. Now that's another dream. Ok back to reality now. I'm down 73% on my investment and pretty pi...d off but still confident that I'll get a return one day.
 
watchlist Created with Sketch. Add CLE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.