Vale Option to Achieve Full Control at DTM
• Once DTM is achieved, and subject to Cyclone’s shareholders’ approval, Vale will
have the right to acquire Cyclone’s remaining 25% JV equity interest at a fair market
value
• Alternatively, Vale can elect to loan carry Cyclone’s share of CAPEX and be repaid
from Cyclone’s share of future operating profits. In this case Cyclone retains 25% of
the Iron Bear JV
CLE will potentially make money if Vale acquires the remaining 25% of the Iron Bear project.
Is that it?
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Last
5.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.43M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 85 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 36409 | 1 |
View Market Depth
| Last trade - 09.26am 17/06/2025 (20 minute delay) ? |
| CLE (ASX) Chart |
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