CLE cyclone metals limited

1.75%

5.8¢

We have more than $3M in the EUR shares. This should divert any...

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Beton2

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08/06/25

15:57

Post #: 79361563
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Originally posted by That Fundamental Guy: ↑

I guess we are working under different assumptions.

If there is a takeover of CLE, then takeover value is sufficient (well in excess of 50 cents), then I personally don't care what value is attributed to the Ancillary projects, if any.

However, I see the more likely scenario is that Vale will take Iron Bear - either buying out the remaining 25% at decision to mine, or making an offer somewhere along the way.

My concern is that CLE would do a capital raise prior to the release of the Scoping Study (which I expect will increase the share price substantially). Raising $3M at current prices to fund the ancillary projects effectively dilutes Iron Bear by 5%, and I would see 5% of Iron Bear for $3M. (rough calc's only, being market cap of $60M and $3M raise implies 5%).

If a capital raise happens at 15 to 20 cents to fund the Ancillary projects, then the impact on dilution would be much less.

It seems management's focus is on getting the scoping study out, and we will then see what happens to the share price and whether it is worth raising for the Ancillary projects or not.

Personally, I would prefer management focus on Iron Bear and sell any Ancillary projects to avoid any dilution from a capital raise or farm then out for someone else to fund and focus on Iron Bear.

Regardless, these are all good options to have.

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We have more than $3M in the EUR shares. This should divert any CR. A spin off may be the best bet. This would remove the conflict of the day to day running of CLE vs the running of Iron Bear. It would be all Iron bear instead of Iron Bear and the ancillary. Sell the EUR and put half into a new company and keep half in CLE for funding until takeover. Then give existing shareholders pro rata shares, give CLE some shares and do a CR. If CLE need further cash they can sell down.

CLE Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.8¢		Change 0.001(1.75%)		Mkt cap ! $62.67M

Open	High	Low	Value	Volume
5.7¢	5.8¢	5.6¢	$83.85K	1.472M

Buyers (Bids)

No.	Vol.	Price($)
1	708901	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	481999	3

View Market Depth

No.	Vol.	Price($)
1	708901	0.056
4	295334	0.055
1	100000	0.054
1	200000	0.053
1	200000	0.051

Price($)	Vol.	No.
0.058	481999	3
0.059	300000	2
0.060	497604	4
0.061	200000	2
0.062	200000	2

Last trade - 16.10pm 13/06/2025 (20 minute delay)

CLE (ASX) Chart

We have more than $3M in the EUR shares. This should divert any...

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'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

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Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Clinuvel shares dip, even as CEO comes back from temp leave

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

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We have more than $3M in the EUR shares. This should divert any...

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Iberian expansion: Megado turns to Europe with Spanish copper mines

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

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Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News