CLE - Cyclone Metals

[Joe Blow]

Joe Blow do you want people like this on your forum?

Mr. - We have since discovered that the accounts in question were being operated from the same internet connection and can only assume that it was the one individual posting under multiple usernames.

These accounts have now been permanently suspended.

 

[mahmoodf]

Thanks for the URL MR. And thanks Joe for getting rid of these idiots. These forums are such a wonderful tool but there will always be people that abuse the system.

 

[skint]

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

Good find MR. I'm more than a little surprised that a pitiful attempt at downramping by some galah in multiple and transparent pseudonyms on little'ol ASF came to the attention of a steel magnate in China. However, I was staggered that Ding/Delong bothered to respond! Not surprisingly, these dowramps questioned the ability of Ding having sufficient cash. I wish they'd responded to those unsubstantiated allegations as well. Might have got a few clues as to when everything will be finalised and the when the cash will be in the bank. SP is going nowhere at the present but hopefully the updated resource model and/or the first payment should change all that. Both of these shouldn't be too far off now.

 

[ta2693]

I sent an email to Delong and asked them to confirm for me where is Mr ding.
If I can get the reply, I will post here.

 

[MR.]

I sent an email to Delong and asked them to confirm for me where is Mr ding.
If I can get the reply, I will post here.

What happens if you don't get a reply? How easily rattled.

ASF as you know, can easily be viewed without logging in. Would it be out of the question if Delong Share holders read this thread? I don't think so.

Delong dropped some 6.5% on the 18/7/07 before the Delong announcements dated 19/7/07 which I posted earlier. The 18th was when the down ramping was being discussed here! (now deleted)

The reason I think Delong has taken this threat seriously is if its share price was suffering because of it (no other reason). Now, Joe Blow has confirmed multiple posts from the same internet connection.
The story was fake. I'm not selling.

 

[Joe Blow]

I would like to add that the unsubstantiated allegations made by anglecare have now been removed from this thread.

 

[MR.]

Ian Burston exercised 1.25 million $0.40 options costing him $500,000- as per ann' today.
http://www.asx.com.au/asxpdf/20070724/pdf/313krvxf0x29x5.pdf
A couple of weeks ago Tony Sage spent $600,000- excercising $0.40 options.
The options arn't due until the end of the year.

Why do I appear to be the only one who thinks this is great news?
The volume is low on both and the price has gone nowhere today. cfe $0.615 and cfeo $0.335

If the directors sold shares before Ding's payment they basically must do it now. Otherwise this would be a case of insider trading if Ding doesn't pay and the directors sold shares prior to bad news.

Remember Ding indicated at the start of april that he will convert his options in the near future.
This can happen at anytime.

Both Tony and Ian have spent a combined 1.1 million of their own money. Why would they do that?

 

[Porper]

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

Well,

according to my time cycle ratios, there is a strong possibility of a change in trend from today up until Friday.

This doesn't mean we shoot out and buy.I am still waiting for some break up from this ABC correction with some descent volume. The correction has maybe finished in the upper yellow zone, we shall see in the next couple of days.

 

[mahmoodf]

$2.8 million worth of options exercised yesterday. See the Appendix 3B - Option Exercise Cape have issued today.

 

[MR.]

Written by arsenaljuventus on HotCopper yesterday:
If Directors want to sell the shares why go through converting their options then sell. wouldn't it be easier if they just sold their shares that they currently hold?
I think the message here is they want to show the market that by converting options at 40cents they know the deal is going ahead.

I'm (MR.) pleased its not just me who thinks this is what they have done. If they were worried about the payment from Ding how could they possibly part with an extra $1.1 million?

Iron Ore Holdings IOH (not a holder) has jumped 100% in the last 3 days because Kerry Stokes agreed to buy ½ the company in a private sale. Now you can't tell me that money dosen't talk. I looked several times at this falling company and could not find a reason to buy IOH. Director leaving / resource findings minimal good but thin and deep. Then money turns up!

Our buyer needs the steel. IOH's buyer wants to turn the mine into a ........tv station???

comments anyone? (not about IOH and its tv station)

Porper,
thanks for your comments and graph. Still looking for position c? Its not a bad way to trade. You might miss the bottom but at least you still jump on with the volume and perhaps at a lower price than today, who knows! I can't say if my methods are best. I suppose your way works unless there is a trading halt???

 

[mahmoodf]

comments anyone? (not about IOH and its tv station)

Hi MR

They could always sell on market and make an additional 25 cents per share or so depending on the option strike price.

However, I think they converted because they believe in the company and the project. And if they did convert and sell, that would send a really bad signal to the market.

I emailed TS last week and asked three questions:

1). What is the last date the first payment must be received by?
Reply : 16 August, 2007. This is 1 month from 16 July, 2007 GM where the transaction was approved.

2). Was a fixed FX rate used?
Reply : No.

3). What if no payment arises?
Reply : Deal is now unconditional (as all conditions have been met) and binding. Therefore, the parties can be taken to court by Cape and sued for the contract amount.

It is frustrating to watch Cape shares sliding when every other company with even a whiff of iron ore is rocketing along (CUL, IOH, SDL etc).

It will be interesting to see what happens to the SP in the run-up to August 16th (about 16 business days to go).

IMO, Ding/Delong will not pay until the last minute, simply because who would want to part with US$57 million early? I certainly wouldn't! That is US$57 million worth that could be earning me interest in a bank at around 5%-6%.

Regardless of the great fundamentals for Cape, the market will do as the market pleases. We just have to sit back and wait patiently.

 

[MR.]

MAHMOODF, Thanks for your feed back

Once again why excercise options when you already have plenty of fully paid shares to sell.

http://www.asx.com.au/asxpdf/20070330/pdf/311q2drs6z8c0b.pdf.

Ding stated that he would excercise his options in the NEAR future. I wouldn't have expected it before the 300mt's. I wonder if this will happen before the mines first payment? Everyone else is converting their options.

40,000,000 options at $0.377 = $15,080,000-

We will just have to wait and see.

 

[skint]

CFE holding up well so far in an absolute sea of red. Options actually up from time to time, but its still a long way to the close. I wonder if someone knows the answer to this question. I hold the options (CFEO). If the company announces a special dividend, as TS has hinted at, will my options be able to be converted after such an announcement to receive the dividend? Alternatively, would I need to convert my options before a dividend announcement (if one is made)?

 

[MR.]

CFE holding up well so far in an absolute sea of red. Options actually up from time to time, but its still a long way to the close. I wonder if someone knows the answer to this question. I hold the options (CFEO). If the company announces a special dividend, as TS has hinted at, will my options be able to be converted after such an announcement to receive the dividend? Alternatively, would I need to convert my options before a dividend announcement (if one is made)?

I have the same question. However I have assumed that they don't need the extra cash from options, this is the reason for the dividend payout. What would they do with a flood of cash from dividends.

I expect if dividends are paid they will only be for full shares. The options have had and will have good returns to investors. Fully paid share holders have been disadvantaged. Its fair that dividends will be paid to existing full share holders only. my opinion only. i hold more cfeo's than cfe's now.

Heres an old report I thought you could be interested in. (reelong Bonds.)

http://www.financeasia.com/print.aspx?CIID=81653

 

[nomore4s]

CFE holding up well so far in an absolute sea of red. Options actually up from time to time, but its still a long way to the close. I wonder if someone knows the answer to this question. I hold the options (CFEO). If the company announces a special dividend, as TS has hinted at, will my options be able to be converted after such an announcement to receive the dividend? Alternatively, would I need to convert my options before a dividend announcement (if one is made)?

Normally the option holders won't get the D/E and probably not enough time to convert after the special D/E is announced. I would also hazard a guess that when the work out how much the D/E will be they work it on how many fully paid shares there are, so they wouldn't want a flood of options converted. This is one of the disadvantages to having options.

I off loaded the last of my options today at 32c, and am now totally out of CFE, will be looking to re-enter though, probably before 16th of August and will probably purchase CFE to get the d/e. Just waiting to see what o/s markets do in the next few nights.

Good luck to holders

 

[skint]

I just emailed TS and was impressed at how quickly he responded. He was about to get on a plane and so his responses were very brief. My first question was:
" I currently hold the quoted Cape Lambert options (.277c/October, 2008). The company has previously raised the possibility of a special dividend at some point in the future. If a special dividend is announced, will I then be able to convert my options to receive such a dividend, or would they need to be converted prior to a dividend announcement. I realise this is speculation at this stage, but I thought it would be best to understand my position."
TS's reply - YES, YOU CAN WAIT

I also asked about his view on Ding's ability to front with the good stuff. He acknowledged that there had been some bad rumours but these were totally unfounded. He pointed out that Ding is 37th on the Forbes rich list in China and is currently worth $2.3Billion and owns 78% of Delong. The deal only needs the FIRB approval (quote - "Zero chance of not being approved") and the finishing touches to the RSG report (a formality).

Reassuring responses and obviously pleased that my oppies will be eligible for any dividend, once I convert them. Presuming TS's plane isn't off to Rio (lol), I reckon this one's still got the goods for a re-rating upon confirmation of the deal (and of course the updated resource model).

 

[MR.]

Poor bloke. TS just returned my call. Everyone must have wanted him today.

The payment will be on the 15th or 16th of August. The payment will be paid into I believe a solicitors trust account until the "FIRB" approval. So the FIRB wait if any should not hold up the payment.

However there is that formality (skint) also pointed out. RSG's final report is due next Wednesday 1/8/2007. This will be the extra information Ding requested which is not part of the contract. TS did say that there is a slim chance the Chinese might request the 1/8/07 as the start of the contract. Its about 13 days different to the 15th/16th of August at worst. Not that we wouldn't be officially informed but its good to know before the down rampers.

More DTR drill results are due very soon.

By the way he mentioned he was flying to Melbourne for the footy then onto London.

cheers.

 

[mahmoodf]

TS did say that there is a slim chance the Chinese might request the 1/8/07 as the start of the contract.

Hi MR

Did TS give any particular reason why they would ask for this? The contract clearly stated the conditions that were required. These have all been met by Cape. The money should be paid on the 16th at the latest.

 

[MR.]

TS did say that there is a slim chance the Chinese might request the 1/8/07 as the start of the contract.

What exactly are the facts here?
The conditions Mahmoodf, have been met as we all know. The RSG report confirming at least 300mt has been received and confirmation of this has been sent to Ding Liguo last week. The 30 days has begun. The date is the 15th or 16th of August for payment (the 16th as you confirmed).

We ALL agree when the first payment should be made.

I asked the question "What could possibly change the payment date if any?"
TS : "The RSG report has not been received in FULL, its a slim chance"

This has not been brought up by Ding Liguo with CFE. This was TS's honest reply to a simple question.

 

[nomore4s]

Still in its downward trend atm, but looking like a bit of bullish divergence on the chart. Seems to have found some support around the 54c mark, needs some vol to confim I think.
Will be keeping close eye on this for the next few weeks.
Alot could depend on the overall market though.