CLE 0.00% 0.1¢ cyclone metals limited

Thanks for that shortsell site didn't know it existed....

  1. 25 Posts.
    Thanks for that shortsell site didn't know it existed. Interesting to see now there are only 220,932 short sold!

    Personally I (like everyone I guess) find it hard to reconcile that CFE is trading where it is now let alone the prospect of it falling the full distribution/return of 20+ cps (depending on how many options are exercised) as the company will have a minimum of $260m cash (ie totally discounting the last $80m pymt and after the $100m return) with just over a max of 500m shares ie $0.51 ps CASH + another hot prospect in CL Sth which they will drill in Sept! GO FIGURE!

    All I know is I bought them at $0.61 and was closed out at $0.51 shortly thereafter and I am just wondering what I am missing before trying again....any ideas?!$£$
 
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