CLE 63.2% 3.1¢ cyclone metals limited

The announcement on Marampa being "aggressively expand...

  1. 44,002 Posts.
    lightbulb Created with Sketch. 1036
    The announcement on Marampa being "aggressively expand exploration activities..." has some flavor of urgency which is TS style. Identify an asset that there is demand and don't waste time proving up the JORC resource.

    It would seem that the Marampa valuation will also include the rail infrastructure. As many have said, IO is found everywhere on this planet. What makes it of value is the rail and this combination will make the next deal an even bigger dividend. A successful DMC takeover will open up another deal further down.

    And we haven't gone on to consider the coal assets thru Pinnacle! I don't see any sell down of this stock post div date simply with the stack of projects coming up. Here is hoping...
 
watchlist Created with Sketch. Add CLE (ASX) to my watchlist
(20min delay)
Last
3.1¢
Change
0.012(63.2%)
Mkt cap ! $21.54M
Open High Low Value Volume
2.3¢ 3.5¢ 2.3¢ $672.5K 23.44M

Buyers (Bids)

No. Vol. Price($)
1 160225 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.2¢ 1886076 7
View Market Depth
Last trade - 13.46pm 15/11/2024 (20 minute delay) ?
CLE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.