CLE 0.00% 0.1¢ cyclone metals limited

380 mill shares issued130 odd mill ops outstading +total 500mill...

  1. 101 Posts.
    380 mill shares issued

    130 odd mill ops outstading

    +total 500mill odd fully dil

    =100mill bucks to hand out

    20c per share

    resource valued at 26c /tonne

    total value per share about 70c(www.minesite.com brokers notes for july look for comaprisons of iron ore miners page 13)

    so if we consider 20c or so return per share the sp will stabilise at about 50c+ before the record date then it will sink again...

    set your stoploss at 49c

    goodluck with it.

    may take a while to see 92c again dammit.

 
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