CLE 0.00% 0.1¢ cyclone metals limited

It was only several years ago that Marampa was said to be the...

  1. 94 Posts.
    It was only several years ago that Marampa was said to be the jewel in the crown of this company, now it is valued (based on current share price) as worthless.

    Correct me if I'm wrong but if I remember correctly there was talk that it could potentially sell for 300m back then.

    How has Management let a asset of this size slip through their fingers to be basically valueless at this point of time - it is truly shocking management and lack of foresight from Tony Sage.

    What a shocker year for Sage both for his company and his outside interests (football). Yet he still pockets a cool $1M a year and when shareholders are wanting information the most he remains silent.

    Good luck to shareholders, I would like to say that 3.1c is the bottom but realistically who knows as I thought the same at 5c.
 
watchlist Created with Sketch. Add CLE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.