CLE 0.00% 0.1¢ cyclone metals limited

Speaking with the company several months ago, it was their...

  1. 1,573 Posts.
    Speaking with the company several months ago, it was their decision to terminate the contract with Ding after he requested a further month extension to come up with the lump sum payment.

    Their goal was to establish a bigger resource in early 2008 before taking on another partner.

    I questioned whether there would be other interested parties. The response was that they were multiple interested parties, but CFE wanted to prove up their resources first to sign on a much better deal than the Ding deal. Knowing this, I have bought some options recently in the bad days.

    I have no idea when the deal will come, but going on past history, when the volume goes much higher than usual with no announcement, it will probably be the time - Trading Halt, then the announcement.
 
watchlist Created with Sketch. Add CLE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.