CLE 0.00% 1.9¢ cyclone metals limited

re: Ann: Significant Iron Mineralisation Inte... doomdog,I like...

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  1. 487 Posts.
    re: Ann: Significant Iron Mineralisation Inte... doomdog,

    I like everyone else am hoping for a sudden jump in SP. Regarding your theory, here are the implausibilities IMO.

    Firstly, if the share is really worth a dollar I seriously doubt investors would be deterred from purchasing due to a large build up a couple of cents north of the current price.

    Secondly, sitting back and waiting for more upgrades and JORCs is certainly not what I would be doing. If the company is as undervalued as your scenario dictates, I would be launching a bid ASAP for fear it will approach true value, especially with more resources proven up in the future.

    But I sincerely hope you're proven right and I'm proven wrong ha ha.
 
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