CLE 0.00% 0.1¢ cyclone metals limited

re: Ann: Strategic Review (Canaccord Appointe... Please folks,...

  1. 500 Posts.
    lightbulb Created with Sketch. 1
    re: Ann: Strategic Review (Canaccord Appointe... Please folks, lets cut the crap about "manipulation". The share price is where it is for a host of different REAL reasons.
    1. The $80 milll from MCC looks less likely than ever,
    even Sage is no longer saying he is confident.
    2. We have been hit with a $96 mill tax bill including penalties and we "are pleased " we only had to pay $33mill while we fight it out in the court.
    3. The asset that in Sages own analysis represents about
    80% of the value of our company has been on the market
    for 4 years. its valuation of $500mill is simply Sages
    "asking price" it is becoming clear no one is going to
    pay anything like that. An asset that cant be used
    with spending $1billion + could very well be worthless.
    particularly with iron ore prices forecast to
    possibly go as low as $70tonnes due to
    overproduction and decreasing chinese demand
    4. The CEO who virtually is CFE has just had bypass
    surgery and has been reported to be winding down
    his committments.
    5. The same CEO is having activities investigated by no
    less than
    1. Crimes Commission
    2. Federal Police
    3. ASIC
    4. ATO
    and he wont even tell us why. Unpaid Parking fines perhaps?

    Tri2..its not because of no news, there has been plenty of news... and its been all bad!
 
watchlist Created with Sketch. Add CLE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.