CLE 0.00% 0.1¢ cyclone metals limited

if tony sage is right

  1. 9,315 Posts.
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    We all know that TS has said that he expects to realise $800M from the sale of Marampa, Lady Loretta and Sappes over the next 6 months.

    What if he is right? What will this do the share price?

    At $800M, let us assume cost of these assets was 100M so a 700M profit. After tax that would be 490M, add the original 100M and we have $590M in additional cash. Based on the existing shareholding of 500M plus, you would think that this would add as least $1 to the current CFE shareprice.

    Add in the 80M still owing from MCC and the 47M from the sale of Mayoko, that gives at least $700M in free cash flow.

    TS's aim of a $1B market cap is not so far fetched.

    Now please be right TS.



 
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