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0.1¢ cyclone metals limited

So, 5.6 mill in the bank, and (as far as I can ascertain) not...

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27/08/16

10:30

Post #: 18729927
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Originally posted by The Mole ↑

Add to the $700,000 for CFE with $240,000 for the same role at CXU = $940,000.

Also $60,000 from FEL. So a nice $1,000,000.

CFE at June 30 had $5.63m in the bank.

So 12.4% of CFE's cash is going to pay the Chairman.

Something stinks.

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So, 5.6 mill in the bank, and (as far as I can ascertain) not one of the stable returning any income.
Outlook: CR's and "Asset" Fire Sales Central for the immediate term
Then the law of gravity takes over, and they go down the gurgler on all fronts

CFE Price at posting: 1.8¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

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