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0.1¢ cyclone metals limited

As a shareholder of both CLE and EUR, I'm happy to learn of...

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jefferies2

8,428 Posts.

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12/04/24

08:48

Post #: 73307278
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Originally posted by theraven: ↑

I have been impressed with Paul to date, he has provided a detailed plan and timeline with milestones. The fact that Tony is still involved is the scary part, is Paul just a figure head to avoid the stains of Sage?

Having a plan is far more than TS had in place, the wild announcements with no basis while he missed all of them for a decade was getting tiring.

The worry sign will be if they spin this off into another company when dilute it while awarding TS shares. We used own over 50% in EUR and the progressive ownership stripping of CLE to what it is today. Alarm bells will ring.

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As a shareholder of both CLE and EUR, I'm happy to learn of Paul's influence within CLE.

A test of better things to come occurs on 24th June, when CLE has to repay to EUR a loan of two million dollars.

Four previous such loans had their terms changed at the last minute, so that EUR received instead what are still virtually worthless CLE shares.

When the current loan was announced on 24th March 2024, TS stated that the cash loan granted by EUR to CLE was a profitable short-term transaction for EUR. So here's hoping it turns out to be profitable for EUR when EUR sees its cash returned by CLE - with the interest earned at 10%.

CLE Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
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