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0.00% 0.1¢ cyclone metals limited

holding well ahead of jorc upgrade

  1. phogg
    502 Posts.
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    06/06/11
    11:47
    Post #: 8502155
    CFE continues to hold pretty well in high 40's despite poor markets etc.

    I am expecting a JORC upgrade to Marampa this week with hopefully some Scoping Study updates (upgrade of NPV) as well.

    How on earth CFE can continue to have a market cap of around $300 million astounds me - but i guess that is how you make money in the market. Other than manipulation to hold down the price, i cannot see why anyone would be selling - hence why the price has held relatively well the last few weeks.

    Best of luck to all - news is not far away!
    CFE Price at posting: 47.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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