In relation to todays "Asset Sale" Trading Halt and CFE's announcement on 14 March about the Royalty Sale where ther said:
"The sale of the royalty would allow the board to consider the payment of a special dividend to shareholders as per the Company model."
Would it be better for CFE to do a Capital Return Distribution or a Dividend?
I'm thinking if they gave the entire amount as a Capital Return then the Tax Office cannot take their cut from CFE but need to take it from the individual Shareholders should they have made a Capital Gain. In this current market I don't think there would be too many who would have a Capital Gain thus need to pay any Tax.
I'm not saying that CFE are definitely paying a distribution I'm just questioning what would be best for CFE. (In other words what avenue would be less likely to generate another ATO Tax amendment notice in 2 years time)
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CLE
cyclone metals limited
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In relation to todays "Asset Sale" Trading Halt and CFE's...
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Last
5.1¢ |
Change
-0.002(3.77%) |
Mkt cap ! $56.17M |
Open | High | Low | Value | Volume |
5.2¢ | 5.3¢ | 5.0¢ | $35.35K | 692.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 519084 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 81876 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 519084 | 0.050 |
1 | 37028 | 0.049 |
3 | 184166 | 0.048 |
1 | 5000 | 0.045 |
1 | 250000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 81876 | 1 |
0.054 | 100000 | 1 |
0.055 | 483138 | 5 |
0.057 | 344024 | 1 |
0.058 | 860589 | 6 |
Last trade - 13.13pm 10/07/2025 (20 minute delay) ? |
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