CLE 0.00% 0.1¢ cyclone metals limited

late announcement out, page-21

  1. 1,057 Posts.

    If the Russians say no to the Sierra Leone deal then expect the following as a possibility.

    The deal will be dropped.
    The cash distribution will become 2 or 3 cash distributions to basically send almost all the cash back out to shareholders.
    The company is reduced to an Iron Ore explorer with good cash resource (say $20M)
    The war ends and everyone is basically happy
 
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