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0.00% 0.1¢ cyclone metals limited

is cfe being capped?, page-11

  1. broomy
    57 Posts.
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    17/09/10
    10:26
    Post #: 7209721
    Kanga. Usually when they announce a T/O price they will compare it to a moving average. This can be 30, 60, 180 days. The lower the average the better the takeover price can look to someone that doesn't delve further into the assets. Therefore by capping an average below 40c instead of letting it run it's free course they manipulate this average lower.
    CFE Price at posting: 37.0¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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