CLE 0.00% 0.1¢ cyclone metals limited

By my calc's the fully diluted numbers for CFE with all options...

  1. 10,605 Posts.
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    By my calc's the fully diluted numbers for CFE with all options exercised at their various prices (I included the 3.3 million at $1.40 but I can's quite see that happening) show there would be 482.935 million shares fully diluted with $468.8 million incoming from sale proceeds and option conversions giving non-discounted cash value of $1.03 per share.

    Obviously that has to be discounted somewhat right now for the due diligence failure risk and a further discount for the markets general aversion to stocks holding cash and little else. But that still leaves a little bit of upside from 50c.


    Very solid buying in the options at 23c on close.

























    Damn it.
 
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