CLE
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0.00% 0.1¢ cyclone metals limited

With 281m shares, 131m options and SP at 50c, it would be...

  1. defplayer
    3,134 Posts.
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    29/02/08
    12:32
    Post #: 3412507
    With 281m shares, 131m options and SP at 50c, it would be cheaper for MCC to buy at the market and take over the company. If I were MCC, I would clean up the options first, now at 20c. No reporting required for options. Then I would attack the shares. Paying up to 70cps that is $200m. Maybe saving $100m.
    CFE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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