CLE - Cyclone Metals

[Go Nuke]

Thanks for that Info MR.

Your right Moneymajix..the share price is going backwards after what i thought was good news!lol

Will the share into Global cost anything? Like a rights issue. Or is it just a privalige for being a CFE holder? (Sorry Im new to shares)

Well im holding. Only because Im not willing to take a loss

 

[mahmoodf]

Of all the research I have done the simplest of calculations assures my holding. The mine is worth 350 million (based on 250 million for 70%) divided by 500,000 shares = $0.70

My work is done here. I am not selling.

I couldn't agree more MR. The only spanner in the works is that for some reason, Ding does not decide to pay. I am happy to take this risk and hold as I think Ding's intentions are clear: he wants the steel and he is prepared to raise money (convertible notes issue) to fund this acquisition.

Once the first payment has been made, that should see Cape move to a new level, although with Cape, every time there is *good* news, the shares go in the opposite direction! :

 

[skint]

Thanks ruprect.

Re: "show me the money" as i posted earlier referring to mr. Ding's 192us million. I have some news ***not known to most.*** What do you know about a share that no one else does?

I don't think Ding is going to buy the mine.
I don't think Best Decade is going to buy the mine either....
I think and judge for yourselves, the buyer will be Delong Holdings the actual steel manufacturer.

Delong Holdings has issued bonds taken up by Citigroup in two parcels of 175 and 50 million usd. Totalling $200,000 usd. Closing date if 8/6/07 or friday next week. Too close not to be linked!

I have found the money. Now will Delong use it for the mine? I bet they do.

This puts the money worry to rest for me.

information for your judgement. see may 22 and may 26 ann'

http://info.sgx.com/webcorannc.nsf/...w&RestrictToCategory=DDELONG HOLDINGS LIMITED

A question if Delong is expected to make 3 million tonnes of steel next year how much would the iron ore cost? At 3 million tonnes of iron ore (which I am sure is light on) if purchased for $40-usd (which I think is light on as well) Delong will spend $120 million on ore next year minimum.

Regards a happy holder. MR. Sherlock Holmes

Now "Show me 300 mt."

Here's an earlier post by MR. with more substance. It appears as though Ding may have organised the money some time ago. At least MR. included some facts. I'm happy to be holding for final confirmation and the updated resource model which should increase the tonnage substantially, according to TS.

 

[mahmoodf]

*unsubstantiated allegations removed*

Anglecare, here is the information I have been able to find on Ding via Google from publicly available sources. To my amatuer eye, it appears that Ding has a pretty good track record and reputation. Would you care to share where you are getting your information from, who is the investor selling down and what reports (newspaper etc) there are that suggest Ding as being a shady operator?

Obviously, Ding (through Best Decade) can decide not to pay the cash. So there is some risk there. But all the evidence seems to infer that he is serious on growing his steel empire, especially the convertible notes issued last month by Delong Holdings that are worth around AUD$230 million.

----------------------------------------------------------------------------------------------------------

http://knows.jongo.com/res/article/3786

Mr. Liguo Ding is the Chairman of Board of China Delong Holdings Co. Ltd. (Listed in Singapore SGX), the first Chinese private steel-making company listed in a oversea stock and exchange market. From 1998 to 2003, Mr. Ding was the Chairman of Tangshan Liguo and from 1992 to 1998, he was the Chairman of Tangshan Changcheng Rolled Steel Factory.

In 2005, Mr. Ding was ranked 46th in the Forbes 2005 List of Richest Chinese, and honored "China Top Ten Outstanding Youth".

Mr. Ding also holds various positions of commissioner of Chinese General Chamber of Commerce and Industry, commissioner of All-China Youth Union, and trustee of China Association of Young Entrepreneurs, and etc.

Mr Ding holds a diploma in Machinery Manufacture from the Hebei Polytechnic University in the PRC, and education experience in the MBA program of Tsinghua University from 2002 to 2003, and currently holds a joint professorship appointment in the enterprise management program of Hebei University of Economics and Business.

----------------------------------------------------------------------------------------------------------

http://forum.channelnewsasia.com/viewtopic.php?p=976439&sid=b41485747713039b080da106026291ad

CHINESE companies in general have to overcome the negative perception investors have of them. It is worse if they get on board the Singapore Exchange via the backdoor. Which is why the chairman of Delong Holdings, the China-based manufacturer of hot-rolled coils, felt that the market is yet to accord his company a fair value despite it delivering on its promises in the last two years.

Delong Holdings entered the Singapore market via the reverse takeover of Teamsphere in 2005. For financial year 2005, it chalked up net profit of $121.5 million on turnover of $861 million. And last year, it managed a net profit of $131.2 million on a turnover of $945.3 million.

From its financial statements, the numbers look pretty good.
Cash flow generated from its operations amounted to $176 million. Net profit margin has been steady at 14 per cent in the last two years. Meanwhile, return on equity was 41 per cent and return on assets 17 per cent. The only concern is its relatively high short-term borrowings relative to its liquid assets.

Its chairman Ding Liguo, a young man at just 37 years, has grand plans for the group. And he is realistic enough in his time frame: 'We intend to be the top 500 global companies in 30 years.'

The immediate step towards that goal is to grow domestically.
Delong put in place a new production line at the end of last year, and that will add 800,000 tonnes to its production capacity this year. Its annual capacity will therefore increase to 2.4 million tonnes, and to three million tonnes next year.
The expanded capacity is expected to contribute to its bottom line as demand from its customers - manufacturers of pipes and machinery and infrastructure builders - continues to be strong, and Delong is expecting its net profit margin to remain stable.

In addition to organic growth, Delong will also buy up other steel mills as the industry is going through a mandatory consolidation. China's national steel industry is to have 10
mills producing 50 per cent of the national total by 2010, with that number rising to 70 per cent of the output by 2020. Currently, the industry is still quite fragmented with over 800 players.

In recent years, private enterprises encouraged to take part in the steel sector by the government have grown into an important player, accounting for more than 36 per cent of the national output, according to a China Daily report.

And Delong is one of those private enterprises that have proven their mettle. According to China Iron and Steel Association, Delong is the second lowest-cost steel producer in China, after Taiyuan Steel, with a yield of 98.5 per cent. And it doesn't
stint on investing in technology in order to climb up the value chain.

It has a company-wide incentive scheme tied to profitability and its worker welfare standards are above those required by law. On top of that, it has embarked on three green initiatives, including establishing a coal gas emission recycling facility and an operation to recover iron and steel sludge for reuse as raw materials.

Based on its performance record, it is logical to think Delong will be able to add value to the mills it acquires. Mr Ding estimates Delong will require four billion yuan (S$785.2
million) - to be funded by internal resources, bank loans and new capital - for its acquisitions.

According to Mr Ding, since uber-investor Warren Buffett announced that he has a stake in Korea's steel maker Posco, a lot of people are looking at steel companies. He's had an offer to take Delong private at 50 per cent higher than its recently traded price. He was unwilling to sell, because 'I don't know how the market value shares, but I know what I can make next year and the year after.'

At its last traded price, the market is valuing Delong at nine times its earnings last year and 6.7 times its expected earnings this year.

In a fast liberalising market like China, an astute entrepreneur can really make serious money for himself or herself and those who bet on them. Yan Cheung, chairwoman of Nine Dragons Paper, and Zhong Sheng Jian of Yanlord are two good examples.

----------------------------------------------------------------------------------------------------------

http://www.steelguru.com/selectednews/index/2006/005/010/archives.html

Delong targets 10 millions by expansion & acquisitions


Singapore based Delong Holdings Ltd said that it plans to be one of the top ten steel makers in China in the next five years, producing more than 10 million tonnes a year and to achieve that target, the firm will buy steel makers and iron ore mines in China, and is already in talks with several companies, both state owned and private. Mr Ding Liguo Delong's executive chairman said "To be among the top ten steel producers in China you have to have at least 10 million tonnes of production."

Mr Ding said the steel industry in China was suffering from overcapacity but that with stringent technological and environmental standards introduced by the government last year several smaller mills were likely to sell out to bigger players. He said a technical enhancement program launched by his firm would boost production to 2.4 million tonnes a year by the end of 2006, from 1.4 million tonnes in 2005."But to grow beyond that, acquisition is the only way" he said.

 

[Porper]

*unsubstantiated allegations removed*

Well, I quite enjoyed the story anglecare, you could write a book with all those conspiracy theories.True or false really is irrevelant from my standpoint anyway.

I have ammended the chart as the ABC I had labelled was incorrect .

I am not totally happy with the count now, as this ABC pattern seems to be extending a little too far.

However if CFE goes down to 0.52 the chart is definitely incorrect and my bear hat would go on.My bet is that we may retrace to around the blue area on the chart then start to move aggressively up again.

I will be on the look out for a bounce with good volume in the next few days with a stop at 0.52 providing a very good R/R.

Just going back to angs story.If somebody is offloading a load of shares they are doing a crap job.They didn't sell enough into the rise up to 0.80.

Also look at the volume on the recent down days.......there isn't any.Day traders are getting out, the smart money isn't.....yet, can all change of course.

I have my piggy bank open and ready to pounce

 

[lazyfish]

*unsubstantiated allegations removed*

According to this news report, Ding was interviewed during a *MAJOR* meeting in Hebei province. (22nd June - 23 June, 2007). I could not find any thing else after that but when I do I will post them here. Sorry this is in Chinese.

Link: http://news.21our.com/readnews.asp?id=1586135

Cheers,

 

[mahmoodf]

G'Day Lazyfish

You can use the Google translator to convert from Chinese to English. I did that on the link you provided and there is nothing of worry.

 

[lazyfish]

Hi Mahmoodf,

Thanks. I can read Chinese, I was merely saying that according to this news article Ding was still in China during the meeting which took place 22-23 June, 2007. He was interviewed and wasn't in any sort of trouble at that time.

Cheers,

 

[mahmoodf]

LOL, my sincere apologies Lazyfish. I re-read your post and realize I had misunderstood it! :bonk:

Great to have someone with linguistic skills such as yourself on board.

 

[nomore4s]

Well, I quite enjoyed the story anglecare, you could write a book with all those conspiracy theories.True or false really is irrevelant from my standpoint anyway.

I have ammended the chart as the ABC I had labelled was incorrect .

I am not totally happy with the count now, as this ABC pattern seems to be extending a little too far.

However if CFE goes down to 0.52 the chart is definitely incorrect and my bear hat would go on.My bet is that we may retrace to around the blue area on the chart then start to move aggressively up again.

I will be on the look out for a bounce with good volume in the next few days with a stop at 0.52 providing a very good R/R.

Just going back to angs story.If somebody is offloading a load of shares they are doing a crap job.They didn't sell enough into the rise up to 0.80.

Also look at the volume on the recent down days.......there isn't any.Day traders are getting out, the smart money isn't.....yet, can all change of course.

I have my piggy bank open and ready to pounce

Porper, the only thing that is worrying me atm is the lower high and lower low that have been made. For me if the next rally doesn't break the last high of 72c (there looks to be alot of resistance at 70c), I will be exiting the final position of my trade.
But in saying that I like this stocks fundies with the deal etc and have already closed one position out in very good profit at 65c, so I'm also looking for the bounce with some volume to enter another position, but as stated I will exit all positions if the sp stalls at 70-72c again or makes another lower high.

 

[rub92me]

Or is this just dawnewbee at it again under a different guise?

Same poor spelling, so you could be on to something there. Hah, another conspiracy theory. Will it ever end?

 

[blacksheep]

Agree. The share looks like on a downtrend. If it breaks under 0.58, I will sell all my holding. I don't like the thin volume with the downtrend. I am afriand it will come a day with hugh voulme with 10-20 spreads down at opening.

In fact, I am getting uncomforable about this Ding issues. As I talked to some Chinese steelmaker in Jiasu Provience last week. They are seeing tougher government rulings against steel industry in coming years, especially towards Private steelmaker. The general understanding among them are if government starts to slow down the industry, it will start cutting off with private ones first. The only safe ones are the state-owned like Bao, Ansteel, etc. Therefore, I am thinking to switch to GBG instead, at least the Ansteel is behind it.

Any comments?

 

[Ruprect]

Yeah, i have a comment, or i guess that should be a question. How is it that both you and angelcare both have concerns with Ding, yet fail to explain the basis of the concerns?

Oh, and i note that of your 4 posts, 3 are on GBG and 1 on CFE. Wow, and funnily enough, angel has 3 posts, 2 on CFE, one on GBG.

No, im not much into conspiracy theories...not really.

 

[Porper]

Agree. The share looks like on a downtrend. If it breaks under 0.58, I will sell all my holding. I don't like the thin volume with the downtrend. I am afriand it will come a day with hugh voulme with 10-20 spreads down at opening.

So Blacksheep, what is your basis for saying

"I am afraid it will come a day with huge volume with 10-20 spreads down at opening." ?????????????????????

Sounds like a scare tactic to me, wont work on here blacksheep, try Hotcopper or somewhere.

Nomore, yes there is a lower high and lower low but don't forget that with an abc correction this is almost always the case.The correction is impulsive so is a counter trend.In other words the trend now is down but is a small correction to the larger trend up.

As I said in my earlier post, the abc correction doesn't quite look right, as in it is larger in time and price than I would expect, but is still valid.

 

[starbucks]

Let's people say whatever they like. The important thing is what yourself believes.

New day with new hopes. Let's pray CFE will be do fine from day on. Only time can prove if we are right or wrong.

0.6 is a key support. I believe it will rebound to test 0.7 level. If it breaks out, then it's fine. Otherwise, going under 0.6 will cause some worries. Because it shows still testing lows.

 

[Sean K]

Yeah, i have a comment, or i guess that should be a question. How is it that both you and angelcare both have concerns with Ding, yet fail to explain the basis of the concerns?

Oh, and i note that of your 4 posts, 3 are on GBG and 1 on CFE. Wow, and funnily enough, angel has 3 posts, 2 on CFE, one on GBG.

No, im not much into conspiracy theories...not really.

Interesting that, isn't it Ruprect? It's always amusing when people from out of the blue turn up ramping or downramping on the same threads. They not only lose just a little bit of credability, but when they try and sign up with a third personality, well, that's just downright embarrassing. Very embarrassing.

 

[nomore4s]

So Blacksheep, what is your basis for saying

"I am afraid it will come a day with huge volume with 10-20 spreads down at opening." ?????????????????????

Sounds like a scare tactic to me, wont work on here blacksheep, try Hotcopper or somewhere.

Nomore, yes there is a lower high and lower low but don't forget that with an abc correction this is almost always the case.The correction is impulsive so is a counter trend.In other words the trend now is down but is a small correction to the larger trend up.

As I said in my earlier post, the abc correction doesn't quite look right, as in it is larger in time and price than I would expect, but is still valid.

Porper, I too think the count is still valid and am looking for a bounce of the 58c area - 61.8% fib line, but just posted up my concerns with the current sp movement as I'm also a bit worried about the size of the ABC correction and the "look" of a couple of the bars, there is more analysis on Cans thread "My open book trading plan" in reference to VSA analysis.

 

[Go Nuke]

Porper, I too think the count is still valid and am looking for a bounce of the 58c area - 61.8% fib line, but just posted up my concerns with the current sp movement as I'm also a bit worried about the size of the ABC correction and the "look" of a couple of the bars, there is more analysis on Cans thread "My open book trading plan" in reference to VSA analysis.

Looks like you were right!

CFE bounced off a low of 58c today. However its a shame that today is Thursday. Lets hope there isn't anymore profit taking before the weekend.

 

[Sean K]

Interesting that, isn't it Ruprect? It's always amusing when people from out of the blue turn up ramping or downramping on the same threads. They not only lose just a little bit of credability, but when they try and sign up with a third personality, well, that's just downright embarrassing. Very embarrassing.

Or, even when a they sign up with a forth nic and say practically the same things. It's not hard to pick really.

 

[MR.]

Angelcare - at this forum we require people to substantiate these kind of statements. If you cannot substantiate them in any way then please do not make them, as in that case all they amount to is unfounded rumour and may be perceived by others as an attempt to downramp the stock.

If someone is dumping this stock in large quantities then no doubt we will soon see a 'Ceasing to be a substantial shareholder' notice amongst CFE's announcements.

Until that time, if you are unable to provide any substance to your claims then it would be best not to make them, or perhaps make them at another forum where they don't mind those kind of rumours being posted.

I wasn't going to waste my time giving my opinion on this kind of talk that Joe Blow is speaking of. But I have some news and what more I can back it up.

If Angelcare and Blacksheep (which have posted together on gbg) can not come up with proof they should be suspended. Waisting everyone's time and tarnishing Ding's name. Joe Blow do you want people like this on your forum?

http://info.sgx.com/webcoranncatth....D004643B6/$file/clarification.pdf?openelement

I found it hard to believe.

Anyway Delong shares down recently due to profit downgrade I'll post it anyway because I'm here. I'm not selling.

http://info.sgx.com/webcoranncatth....4825731D0046A898/$file/update.pdf?openelement