CLE 0.00% 0.1¢ cyclone metals limited

TS gets $0.011 for market value of $0.072

  1. 1,009 Posts.
    lightbulb Created with Sketch. 467
    Makes the $0.019 price seem like a bargain, I guess we have to wait 64 days to see if FT pays his debts.

    From

    http://www.*.com/companies/news/630...n-tony-sage-buys-29-million-shares-63050.html


    Analysis

    In a show of faith in an undervalued company, chairman Tony Sage has not only potentially acquired cheap stock but removed an overhang in the market.
    Paying $0.011 for each share certainly seems like a bargain considering the company has the equivalent of $0.072 in cash, receivables and investments at current market values.
 
watchlist Created with Sketch. Add CLE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.