CLE 0.00% 0.1¢ cyclone metals limited

selling almost finished........., page-12

  1. 3,081 Posts.
    lightbulb Created with Sketch. 1412
    Agree.

    This is one of the best risk versus reward plays around.

    60 - 100% gains within 6 months (more for options). The real question is how likely is it that the deal will go through.

    For me 90% likely - even more likely because of Dings failure to conclude last time. MCC would have a good idea what happened and why it fell over - and management are wiser and will have the process down pat.

    If you throw in other developments such as the African project and/or the extra cape lambert tenement then we are talking multiples of current sp in the next 12-18 months.

    Wort case scenario - we hhave an extra 5 mil in the bank and the sp drifts into the 30's. Minimal downside for such massive upside.
 
watchlist Created with Sketch. Add CLE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.