CLE 0.00% 0.1¢ cyclone metals limited

I think you're all out of your mind- the size of the commission...

  1. 1,464 Posts.
    I think you're all out of your mind- the size of the commission ensured the deal and THE MONEY came through, right now you could not do that deal at $200 million gross, build a bridge, buy and get over it. Midwest have just had their shipments delayed, what does that tell you, it was adeal done ina timely manner. Most junior iron ore miners at this stage would kill for this deal. It is not the negative aspects of the 40 million you should be focussed on, but the positives of the nett $360 million and the $100 million being returned to the faithful. And the 25 odd million per annum in interest accrueing, in other words the commission was worth at worst 1.5 years interest, how long before the next big chinese cash deal occurs within 18 months, I doubt it.
 
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