CLE 0.00% 0.1¢ cyclone metals limited

awesome...cfe sells non core assets for $27m, page-21

  1. 10 Posts.
    peter111,your calculations about the discount given are very astute, you are obviously a very close follower of the stock. I too was a bit disappointed in the discount given on the shares sold and based on my calcs the discount was about $13m. I never was that great at maths. It must have been hard getting those large parcels away at a reasonable price.

    Anyway as you say, its the big picture that counts.

    Oh, on another note, wasn't it great that TS picked up the extra 8% in Pinnacle for no cost, the guys a genious.

    Have you got any idea what the 8% share of Pinnacle may be worth and what the 35% share may be valued at?

    The research Report on the CFE website by Lodge Partners has it in at $0 value on my reading of the report. I am sure its worth something, I may have missed it as its unlike professional firms to miss such an obvious asset. I wonder how much its worth, any idea?

    As always DYOR
 
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