CLE 0.00% 0.1¢ cyclone metals limited

Yes I got the same figures ktrianta,12M shares at...

  1. 487 Posts.
    Yes I got the same figures ktrianta,
    12M shares at 69.23.
    Considering it dropped as low as 55c I'm somewhat disappointed at such a high average but so be it.

    Strange that they would buy back so aggressively and rush the buyback all in one day.

    IMO if there were only 14M shares to be bought back, the only reason to rush 12M of those in one day is if:

    A: good news is extremely imminent, and I mean in the next few days or

    B: possible second buyback is undertaken, see my email and reply to Mr Sage.

    Otherwise it would have made more sense to spread the buyback over a period.

    Anyone who thinks true price is well over a dollar should definitely encourage a second buyback ASAP if allowable under regulations.

    Like Ktrianta said in another thread (there are so many going atm), share price was at 45c, went as high as 72.5 now back to 64.

    Personally I'm not going to try and jump in and out, I believe in the fundamentals and will hold until I feel SP reflects said fundamentals.

    Second buyback please!
 
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