CLE 0.00% 0.1¢ cyclone metals limited

ktriania,I think its the same capping stunt that has been going...

  1. 1,034 Posts.
    lightbulb Created with Sketch. 693
    ktriania,

    I think its the same capping stunt that has been going since stock was in the mid 30's.

    The sell side is stacked with a million shares one or two ticks above the buy side. If the seller was serious he/she could have easily sold into multi-million bids at 57/57.5 similar to previous weeks especially when it was around the 39 and 49 cent mark.

    The seller is keeping the offer outside the range of the permitted buy back as it doesn't really want to sell, just wants to keep the price as low as possible while it accumulates more stock.

    If anyone has been watching this stock over the last six months they would know that this has been going on for quite a while.

    I think Tony Sage is aware of this and is one of the reasons why the buy back was implemented to support the share price.

    This is my opinion only.

 
watchlist Created with Sketch. Add CLE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.