CLE 0.00% 0.1¢ cyclone metals limited

Hey Tri,Thanks for the figures - an interesting...

  1. 262 Posts.
    Hey Tri,

    Thanks for the figures - an interesting analysis.

    However, a lot of the new shareholders are due to the Pinnacle acquisition and are additional new shares which push lesser holdings off the list.

    i.e.

    CROSS STRAIT COMMON DEVELOPMENT FUND:-

    The consideration paid at completion of the acquisition (“Acquisition”) of the remaining 9.8% of Pinnacle comprised:
    ? the issue of 20,672,189 Cape Lambert shares (“Shares”) at a deemed price of A$0.53 per Share. The Shares are escrowed for 3 months from the date of issue;

    and
    DBS VICKERS SECURITIES (SINGAPORE) PTE LTD

    The consideration paid at settlement for the acquisition of the additional 42.8% of Pinnacle comprised:
    ? A$32,670,000 through the issue of 54,450,000 Cape Lambert shares (“Shares”) at a deemed price of A$0.60 per Share, which is a premium of 40% to the closing Share price of A$0.43 on 15 June 2011;

    At least we now know who we bought the rest of pinnacle from.

    Kasper
 
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