CLE 0.00% 0.1¢ cyclone metals limited

Good Morning Viewers,& Good Morning Ktrianta.I have always...

  1. pjn
    123 Posts.
    Good Morning Viewers,

    & Good Morning Ktrianta.

    I have always really appreciated Your
    well timed comment. (Thanks).

    On the issue of there possibly being no real
    "Company making news" on the horizon,
    I still maintain high hope in three letters.

    "COV" (Corvette Resources Ltd.)

    "Close" is how I would describe this one.

    As many readers would know, COV are merging with
    Tianshan Goldfields (TGF). Two Tianshan shares
    for each One Corvette Share held (COV).
    Then comes the name change of Tianshan to Corvette.

    CFE are, of course, intrinsically entwined very
    nicely in both these companies.

    To quote from an ASX annoucement. Jan 28...

    "A hearing of the Federal Court of Australia to approve the scheme of arrangement will be held on Tuesday, 9 February 2010. The scheme of arrangement will not be effective unless and until the approval of the Federal Court of Australia is obtained and a Court order has been lodged with the Australian Securities and Investments Commission."

    So after this Tuesday, If all goes well, We move onto the
    next step of bedding down the merger and,
    "Getting on with the real Job".
    COV are looking for Gold here in West Australia.
    To quote from the COV web site on their prospects,
    (East of Kalgoorlie)...

    Extensive tenement area in the Yilgarn Transition Zone, between Tropicana and Beachcomber, a highly prospective gold exploration area. Encouraging exploration results are being achieved.

    I would expect that very quickly we should see the results
    of the drilling and proving up thats been taking place.
    Several other companies who are also working the region
    have already made reference to possible finds.
    One other company, in fact, even mention COV in a very good
    light when speaking of their drilling plans!

    So, in summary I remain hopeful of a bright future
    for CFE shareholders through the timely proving up
    of the many CFE interests.

    Thanks For Your Time.
    PJN
 
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