CLE 0.00% 0.1¢ cyclone metals limited

china firm to build wa iron ore project, page-15

  1. 559 Posts.
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    With Respect to FMG not selling any ore, thats not totally correct. They have pretty much forward sold all there ore. Thats why we have a significant difference in SP. I have found this website www.getagraph.com quite good, not sure you can put a great deal of weight on it but there is a chart analysis for CFE.IMO CFE will be back around the 70c level soon, accummulate as many as you can get. Directors have issued themselves 9.5 million options expiry december07 with a exercise of 40c, In my calculations that puts CFE trading at around 80c now. You can sure bet that the share price will be no where near 40c at the end of the year
 
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