CLE 0.00% 0.1¢ cyclone metals limited

jindal article is most likely about marampa, page-21

  1. 143 Posts.
    I may be wrong but if I'm reading it correctly the new director options (replacing soon to expire ones)as per AGM notice are contingent on Marampa being sold (or partially sold). I believe they can sell just 1% and still get their options.

    I'm not sure if the previous options had this requirement but I see it as damage control.

    Their Strike Price is 34.2c (118% of 5 day VWAP) which is pretty shocking given that this was trading at +50c prior to initial ATO announcement. The whole tax BS should be priced into their options in my opinion.
 
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