CLE 0.00% 0.1¢ cyclone metals limited

is cfe being capped?, page-38

  1. 428 Posts.
    CTG2009, Those words have a place. For example, if a small cap oiler makes a big find, and the share price quadruples, it's safe to say that the well was a 'company maker'.

    In this case, if say Marampa or Mayoko are sold for multiples of the current market cap, or Pinnacle is successfully spun out in an IPO, it would be entirely appropriate to use the term. Projects such as Mayoko, with a large resource of both DSO fe and high grade magnetite, with existing rail to a deep water port are exactly what the Chinese are looking for. Many others that are stranded will struggle to attract buyers, but Marampa and Mayoko, with the infrastructure are in the box seat. I wouldn't use the term 'company maker' with projects such as Leichhardt. Simply very profitable.

    Peter
 
watchlist Created with Sketch. Add CLE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.