Hi Ktrianta,
It's not boding well for our hero in the field right now.
Here's a link to an article that pretty much says it all.
http://afr.com/p/iron_ore_alert_as_china_cuts_steel_Bkoi6NOPC5KYN7JNXNhzfO
I was fortunate enough to take profits yonks ago, but still keep tabs from time to time. Unfortunately, I recommended the stock to a mate in "happier times" and he's still holding, so I really would like to see it recover as well.
Marampa absolutely had to be sold before the music stopped and I feel Sage would have been better to offload at what would have previously been a discount to ensure capital is protected. I sold for these reasons.
1)Europe - nuff said.
2)And the outlook for Fe oversupply coupled with a slowdown in China, however temporary. Apart from some small stakes in some juniors, all the eggs were/are largely in Marampa (which is effectively mothballed until things pick up significantly) and the Pinnacle assets, which are a long, long way off. It puzzled me why Sage didn't diversify more aggressively. There's copper, gold and some rare earths and others but only in a small way.
I may look at a re-entry if MCC and the tax stuff gets sorted satisfactorily and they announce a creditworthy strategy for dealing with the current situation. Or perhaps if Fe prices somehow do a big U-turn. Who knows? Next year they might spike for long enough to get Marampa away. Can't see it this year.
Good luck all.
Peter
- Forums
- ASX - By Stock
- looking sick
CLE
cyclone metals limited
Add to My Watchlist
3.77%
!
5.1¢

Hi Ktrianta,It's not boding well for our hero in the field right...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
5.1¢ |
Change
-0.002(3.77%) |
Mkt cap ! $56.17M |
Open | High | Low | Value | Volume |
5.2¢ | 5.3¢ | 5.0¢ | $35.35K | 692.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 519084 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 10997 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 519084 | 0.050 |
1 | 37028 | 0.049 |
3 | 184166 | 0.048 |
1 | 5000 | 0.045 |
1 | 250000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 10997 | 1 |
0.053 | 81876 | 1 |
0.054 | 100000 | 1 |
0.055 | 483138 | 5 |
0.057 | 344024 | 1 |
Last trade - 13.13pm 10/07/2025 (20 minute delay) ? |
Featured News
CLE (ASX) Chart |