CLE 0.00% 0.1¢ cyclone metals limited

You have got to be joking. He bought these shares from his...

  1. 625 Posts.
    You have got to be joking. He bought these shares from his grossly overpaid & unjustifiable salary - i.e WE paid for them. The purchase of these shares is to increase his voting power and reduce any voting power against him. This helps him to :-
    - keep his exorbitant salary
    - keep his position if a SH revolt occurs due to his loans & "free" iron ore to his "mate" FT.

    If he wants to "show support in the most tangible way" I've got some suggestions :-
    - collect the royalties overdue from Timis Mining & if necessary (& it is already) take enforcement action against them.
    - advise SH that securities are in place to protect their loan to Timis Mining so we can have some (limited) peace of mind.
    - reduce his salary to a market level (max. $250k p.a.)

    Lining your pocket with, well below market value, shares shows a commitment to yourself TS - not to the SH of CFE. Nice try but I, for one, am not buying it.
 
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