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CLE

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0.1¢ cyclone metals limited

I am afraid this looks more like a cut and paste of a previous...

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theraven

1,008 Posts.

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16/12/21

20:29

Post #: 58349619
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Originally posted by specciemagee: ↑

I found the wording interesting this time around regarding the Marampa Iron Ore Project, compared to the previous quarterly reports etc., seems they are more confident in being successful in re-gaining the license.. just my thoughts. I do note from Sierra Leone media that there is a Mines and Development Bill 2021 in the process of being ratified in parliament this month. Perhaps this could be a precursor to any potential deals being struck. Gerald Metals have almost processed all of their existing stockpile of ore from their Marampa mine, and will restart full scale mining from January 2022.

Whilst I think the new projects have great potential and definitely on the right track (Gold, Rare Earths, Copper), these are more early stage development prospects. The Marampa project is capable of making this company again, it's high grade Iron Ore ready to go and with it being in Africa the running costs can be much lower.

Good luck to all holders.

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I am afraid this looks more like a cut and paste of a previous document, they claim the latest update in Nov 2020 more than a year ago and no activity since. Even still the holding in question is un-developed and the only value would be on-sale to Gerald (who CLE has a terrible relationship with) who would be looking to expand their holding.

Marampa is dead for CLE, if not for failure to maintain assets it will be the relationship they have created via association with Frank Timis.

CLE Price at posting: 0.4¢ Sentiment: Sell Disclosure: Held
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