CLE 0.00% 0.1¢ cyclone metals limited

who paid 76c ps for 10pc of cfe, page-9

  1. 1,130 Posts.
    the asx rule is notification of substantial shareholdings ie >5% have to be reported IN A REASONABLE time. 2weeks perhaps is acceptable in extenuating circumstances but otherwise we should have a 'substantial' report in the next few days.

    since this block is >10% it is perhaps a blocking stake to prevent other parties proceeding with a T/O.

    hoever it could also mean that some desperation is being shown by this prospective suitor otherwise after proving the resource at the adjoining tenement the price cld be much higher than 76
 
watchlist Created with Sketch. Add CLE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.