No offence taken. I was keenly watching the SP heading north and didn't check to see the date on the report. I'll consider myself to be suitably chastened and trottle off to the corner with the dunce cap. This is pure speculation, but wouldn't that report be truer now than a year ago given that Cape Lambert is over a year closer to fruition with the money almost at hand from Ding/Best Decade/Delong? Regardless, I still consider CFE to be overdue for a re-rating. The reasons for this have already been outlined previously. One accepts them or doesn't I guess. I'm sitting on a very tidy profit but will be holding for the deal to be confirmed and in anticipation of further acquisitions.
CLE - Cyclone Metals
- Thread starter chansw
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No offence taken. I was keenly watching the SP heading north and didn't check to see the date on the report. I'll consider myself to be suitably chastened and trottle off to the corner with the dunce cap. This is pure speculation, but wouldn't that report be truer now than a year ago given that Cape Lambert is over a year closer to fruition with the money almost at hand from Ding/Best Decade/Delong? Regardless, I still consider CFE to be overdue for a re-rating. The reasons for this have already been outlined previously. One accepts them or doesn't I guess. I'm sitting on a very tidy profit but will be holding for the deal to be confirmed and in anticipation of further acquisitions.
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mahmoodf; said:From today's West Australian newspaper.
I only subscribe to the hard copy version of the paper, not the electronic copy.
You can call them and ask them to confirm what I have posted:
http://www.thewest.com.au/default.aspx?ContentID=3
The story is on page 57 of todays West Australian (Wednesday, June 6th).
Thanks mahmoodf. Don't doubt the story just thought I'd ask the question while I was at it. I will try the following site tomorrow.
http://www.thewest.com.au/default.aspx?MenuID=32
CanOz
Home runs feel good, but base hits pay bills!
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This is just my opinion..but you could of picked the break well before the announcement. Fundamental anlysis makes you extra cash if you can read and investigate the companies announcements. Good luck to holders. The chartists should be jumping onboard this one soon as a break looks likely.
CanOz
Home runs feel good, but base hits pay bills!
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Point taken Chris...and i'm sure there were a few good chartists that picked it up on a scan and got when it broke the DT...i just wasn't one of them thats for sure...
Fundy/techy...whatever your poison, no matter, its all in the skew!
Good luck with it.
Cheers,
T/A can also give you an early entry as well Chris.
I brought into this on the 23/03/07 (green circle) for 43c on the breakout from 40c (green line) because of the massive volume, something had to be up so I took a punt with a stop, then it went into a trading halt later that day and the deal was ann, wasn't going to sell after that, although if it dropped under 40c I would have been tempted (original stop).
Also with T/A you could of brought in earlier if you were willing to take a little more risk (blue circle) although you could still set a tight stop. I think Dutchie trades off these types of set ups.
And the final entry could of been with the break above 51c/52c (the yellow line), as it got turned away from this area earlier, once it broke through this resistance there was a good chance it would run being so close to the deal being finalised, this is were some F/A would have helped (I topped up with some oppies at about 25c).
IMO with these smaller caps and lower priced stocks it helps to have a general F/A of the stock at least, even of you do generally trade with T/A, as with a deal like the one CFE has negotiated can give you a signal of what is to come.
Chris, I'm not knocking F/A as blokes like you and YT seem to do very well, alot better than me at any rate, but I can't do the research you guys can and I understand T/A alot better. And like Canaussieuck says its doesn't really matter as long as you make money
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I was just saying it works with both ways guys..just to prove a point to the chartists. I guess if you got in on the green circle..being a proper chartist you would of sold on the dip after that strong run the first time around and looked for a re-entry when it started to tick back up in that little cup handle? Is that what they call it? I'm just trying to point out this one was always going to be a no brainer the closer the deal came to fruition.
lol, love the whole chartists vs T/A thing, I got in on the green circle but didn't sell due to the deal, not really a proper chartist either. I guess you could've sold and re-entered though for a little extra profit.
Anyway it's all looking good now for holders, just bring on confirmation of the deal, show me the 300mt, and then the show me the money
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All this talk of confirming 300MT seems to have made a lot of people - not necessarily those on this board - think that the actual resource is only 300MT.
I'd just like to jump on my high horse for a second to remind everyone that CFE state on the front page of their website:
"The Cape Lambert Iron Ore resource is a JORC Code compliant resource of 2.5 billion tonnes (at 30% Fe at 250 m depth & 25% Fecut off)."
All done. I feel much better
I'd just like to jump on my high horse for a second to remind everyone that CFE state on the front page of their website:
"The Cape Lambert Iron Ore resource is a JORC Code compliant resource of 2.5 billion tonnes (at 30% Fe at 250 m depth & 25% Fecut off)."
All done. I feel much better
Porper
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CFE powering along now, just took out 200,000 shares at 63cents in one hit. Oppies up to 36cents. Now up for the day.
I think there are some people who expect the annoucement to be out after the long weekend. They may be right. We shall see.
This share is going silly at the moment.Either day traders have latched on which will be a bad thing or it is being re-rated.I think the latter as the buy orders are large, not your typical day trader volume.
I hold and am seriously thinking about doubling my position and a stop at breakeven.Not a good time to enter as the low risk entry well and truely gone.Maybe a momentum trade ? From being in the red it is up 0.05 now to 0.67.
Will be interesting to see if there is profit taking at close (day traders) or strong buying.This will tell all.
I just think its strong buying in anticipation of the deal with Best Decade being settled. Iron ore is also hot atm. Loving the rise in a down market. Holding long on this baby. With that cash they receive from the deal I dont think this mob will mess anything up. The experience that Dr Ian Burston holds will be instrumental in seeing this company grow larger and profitable.
no, this doesnt look like day traders at all. there were some very big orders in the last hour, including one for another 200,000 at close for 67.5. Finished at that price, which was the high for the day. Nearly always a very positive sign.
The strong support here on such an awful day points to something very close here imo.
On a side note, the oppies here for once are trading at a discount to the heads, nearly 2 cents. For the last few months they have traded at a very decent premium to the heads, sometimes up to 6 or 7 cents. With such a long expiry, October 08, these might prove to be a good buying opportunity. My disclosure, i hold both.
The strong support here on such an awful day points to something very close here imo.
On a side note, the oppies here for once are trading at a discount to the heads, nearly 2 cents. For the last few months they have traded at a very decent premium to the heads, sometimes up to 6 or 7 cents. With such a long expiry, October 08, these might prove to be a good buying opportunity. My disclosure, i hold both.
I think there are some holding for a quick buck for sure. I think last Friday's interest may have shown that they thought the announcement would come tuesday.
I spoke to a broker friend in WA last night, he said that they are expecting an announcement tomorrow or Monday. He didnt have any inside info, just a prediction i think. Although he did say there are some people waiting on the sidelines waiting to see if the announcement is positive.
Its not bad so far for those of us that have held for a while.
I spoke to a broker friend in WA last night, he said that they are expecting an announcement tomorrow or Monday. He didnt have any inside info, just a prediction i think. Although he did say there are some people waiting on the sidelines waiting to see if the announcement is positive.
Its not bad so far for those of us that have held for a while.
Presumably (and hopefully) your broker was refering to buyers on the sideline waiting to get in, rather than holders looking to sell into the good news. Given the strength in CFE over the past week, I'm surprised the options are trading at a discount to the heads, especially considering they're Oct 08 oppies (long way to run). I expect that may well change when the announcement is released.
Sorry Skint, yes, buyers. He basicly said that in his opinion, there are people who are interested in spec plays, but those with a future of actually producing. He said its much like they have done with FMG but on a smaller scale.
Yes, surprising with the options, given they have traded at a large premium to the heads for the last couple of months. Oct 08 is a long time.
Yes, surprising with the options, given they have traded at a large premium to the heads for the last couple of months. Oct 08 is a long time.
