CLE - Cyclone Metals
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I can not believe it will come back to this price level.I stock up some CFE and CFEO before. Now I thinking to buy a bit more since the price is low. But I wondering which one is good to buy in CFEO or CFEAny suggestion???
I believe Ding would keep his promise to pay. after Ding's payment, CFE will have 70c/shares on hand, why did ppl so worry and sell it at 47c?
Anyway,Buying CFE is his company's longterm decision and will not be changed so easily.
ta, atm it's probably got more to do with the current market then anything to do with Dings payment.
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Yes, it will be interesting to see the events around the 16th of August when the first payment is due. Would like to see this recover. Its hard to keep holding when there is a lot of double digit red so some will jump.
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It is annoying to see the slide in the share price.
The share price movements with this one have been perplexing. Recall the drop from 60c when we had the first run on good news?
Hold tight and we should see 80s. And there are those that think even more.
LOL to holders.
The share price movements with this one have been perplexing. Recall the drop from 60c when we had the first run on good news?
Hold tight and we should see 80s. And there are those that think even more.
LOL to holders.
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In the past couple of days there has been times when no one has wanted to buy CFE at 50 cents. The s/p has been lower then 50 cents but generally you could have picked up CFE's shares at 50 cents with ease. But few are there to be found. We will find them, yes, buying at say ## cents again, because... everyone else is???? Hmmm
I have found nothing major wrong with CFE or Delong. I have concerns, yes, like others, but my last addition was at $0.325 cfeo. Average on my purchases I'm down. Four months.... and I'm down.
A new buyer can now buy better then me!
As I posted on this thread months ago: It is about the money. "Show me the money"
Not long now......
I have found nothing major wrong with CFE or Delong. I have concerns, yes, like others, but my last addition was at $0.325 cfeo. Average on my purchases I'm down. Four months.... and I'm down.
A new buyer can now buy better then me!
As I posted on this thread months ago: It is about the money. "Show me the money"
Not long now......
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Take a look at CFE chart over the last month.
Gee, there must have been some bad news to make the shares drop more than 30%! Wasn't there??
The truth is there was "No" bad news.
Just the expectation of a quick buck and it didn't happen.
Gee, there must have been some bad news to make the shares drop more than 30%! Wasn't there??
The truth is there was "No" bad news.
Just the expectation of a quick buck and it didn't happen.
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If there is nothing major wrong with Ding or Delong we should see the price of CFE RAISE. But any Idea about CFEO
Yes, I think the price will rise. But don't listen to me I have just watched the share price fall some 40% from its high 6 weeks ago.
If something is wrong, I can't find it. (only the share price)
CFEO are options to buy CFE! The price is $0.277 or $0.28 in round figures to convert the options to full shares. So what ever CFE is, CFEO will be about 28 cents lower.
I read this post and i don't really understand with what you guys try to said.
Sorry I am very new on this forum. Is that mean the CFE share price going to be few times higher? And base on what calculation? Can you guys explains...PLS.....
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I'd like to know what people think might happen when the first payment goes through?
Are people expecting a rise in the share price or a sell off of people taking some profits (though they would have missed some significant $$ if they didnt take any a short time ago)
Are people expecting a rise in the share price or a sell off of people taking some profits (though they would have missed some significant $$ if they didnt take any a short time ago
)If the payment will due very soon why did ppl still want to sell CFE at $0.53. Just can't believe the price still droping even the "good"news is on the way. I did try to email Tony Sage, however I still haven't got the reply from him. I wondering what will happen on the 16/08/07.
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I have two links which might help with some concerns. Both have to do with Ding Liguo and Cape Lambert Iron Ore. Both written within the last two weeks.
https://www.gohdirect.com/NASApp/sp...ion_id_=GXLiteSessionID--3026489623814794079&
http://www.je.st/news/China-s-Ding-expects-to-complete-Cape-Lambert-takeover-next-month,462320.html
https://www.gohdirect.com/NASApp/sp...ion_id_=GXLiteSessionID--3026489623814794079&
http://www.je.st/news/China-s-Ding-expects-to-complete-Cape-Lambert-takeover-next-month,462320.html
Hi MR, The second article requires a subscription. I was only able to read the partial headline. Does this article (Metal Bulletin) contain any more precise dates for the takeover beyond "by September" in it? Also what other info is in it? Cheers, Skint.
P.S.
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I have also not read its actual content. I applied for a trial and was rejected. The content of the article, I believe, would not warrant the subscription cost. However I have not requested how much just for that particulr article would be if it was for sale!
Point is overall, no news is not bad news!
HI, I just subscribe the free trial here is the nes from metal bulletin.
China’s Delong Holdings eyes takeovers as it targets steel output of 10m tpy
Singapore 03 August 2007 08:39
Delong Holdings is in takeover talks with two Chinese mills as part of its plan to boost steel output to 10 million tpy in the next three to five years, its chairman said. “We are in talks with two Chinese steel mills, and if successful we will be able to expand into a 10 million tpy steelmaker through the purchases,” Delong’s chairman Ding Liguo said at a briefing for the company’s financial results in Singapore on Thursday.
Ding declined to name the Chinese mills, but said they produce “similar products” to Delong. The Singapore-listed company, which operates a worksite in north China’s Hebei province, produced 2.4 million tpy of hot rolled coil last year.
The Chinese government’s clampdown on new steel capacity has made it impossible for Delong to grow organically, forcing it to consider acquisitions, Ding said. “Ten million tpy is considered the survival line for Chinese steel mills. In a few years, you will not be able to exist if you are not at least that big,” he added. Delong issued $200 million of convertible bonds in June and July which will be used as “starting funds” for the purchases.
“The total sum will be much bigger than $200 million, but it will be worthwhile as we are targeting good assets,” he said. Delong posted net profit of S$77 million ($51 million) in the first half of 2007, up 26.1 percent year-on-year. Its core revenue hit S$646.2 million, up 36.9 percent. “Domestic hot rolled coil price declines in May and June, and surging costs in iron ore and coke, attributed to the smaller increase in net profit than in revenue,” Ding said.
Delong’s HRC output increased in the first six months of the year after it commissioned a second 800,000 tpy line in November, taking its rolling capacity to 2.4 million tpy. The company did not reveal the size of the increase.
The company will be able to produce 3 million tpy of HRC by the end of the year when it increases its liquid iron capacity to over 3 million tpy by commissioning a second 1,080 cubic metre blast furnace to add to a furnace of the same size brought onstream in July. The company can roll HRC 520-1,100 mm wide and 1.8-14 mm thick.
Ding is also closing in on the purchase of a 70 percent stake in Australian iron ore hopeful Cape Lambert through Best Decade, a company he controls (MB Aug 2).
Copyright © Metal Bulletin Ltd. All rights reserved.
China’s Delong Holdings eyes takeovers as it targets steel output of 10m tpy
Singapore 03 August 2007 08:39
Delong Holdings is in takeover talks with two Chinese mills as part of its plan to boost steel output to 10 million tpy in the next three to five years, its chairman said. “We are in talks with two Chinese steel mills, and if successful we will be able to expand into a 10 million tpy steelmaker through the purchases,” Delong’s chairman Ding Liguo said at a briefing for the company’s financial results in Singapore on Thursday.
Ding declined to name the Chinese mills, but said they produce “similar products” to Delong. The Singapore-listed company, which operates a worksite in north China’s Hebei province, produced 2.4 million tpy of hot rolled coil last year.
The Chinese government’s clampdown on new steel capacity has made it impossible for Delong to grow organically, forcing it to consider acquisitions, Ding said. “Ten million tpy is considered the survival line for Chinese steel mills. In a few years, you will not be able to exist if you are not at least that big,” he added. Delong issued $200 million of convertible bonds in June and July which will be used as “starting funds” for the purchases.
“The total sum will be much bigger than $200 million, but it will be worthwhile as we are targeting good assets,” he said. Delong posted net profit of S$77 million ($51 million) in the first half of 2007, up 26.1 percent year-on-year. Its core revenue hit S$646.2 million, up 36.9 percent. “Domestic hot rolled coil price declines in May and June, and surging costs in iron ore and coke, attributed to the smaller increase in net profit than in revenue,” Ding said.
Delong’s HRC output increased in the first six months of the year after it commissioned a second 800,000 tpy line in November, taking its rolling capacity to 2.4 million tpy. The company did not reveal the size of the increase.
The company will be able to produce 3 million tpy of HRC by the end of the year when it increases its liquid iron capacity to over 3 million tpy by commissioning a second 1,080 cubic metre blast furnace to add to a furnace of the same size brought onstream in July. The company can roll HRC 520-1,100 mm wide and 1.8-14 mm thick.
Ding is also closing in on the purchase of a 70 percent stake in Australian iron ore hopeful Cape Lambert through Best Decade, a company he controls (MB Aug 2).
Copyright © Metal Bulletin Ltd. All rights reserved.
Here is another one.
China’s Ding expects to complete Cape Lambert takeover next month
Singapore 02 August 2007 09:03
China’s Ding Liguo said on Thursday he expects to secure a 70 percent stake in Australian iron ore miner Cape Lambert by September.
“An independent geological report is expected to be available on August 15, and if everything goes smoothly we should be able to conclude the purchase by September,” he said. Ding, chairman of 2.4 million tpy Chinese hot-rolled coil producer Delong Holdings, made the comments at a press briefing in Singapore, where the company is listed.
Ding signed a binding contract with Cape Lambert in March through Best Decade, a 78-percent shareholder in Delong that counts Ding as a director (MB Mar 30).
Best Decade agreed to buy a 70 percent stake in Cape Lambert for A$250 million ($213 million) on the condition that the Australian miner proves it has a JORC-compliant indicated iron ore reserve of 300 million tonnes. “A reserve of 300 million tonnes is the bottom line,” Ding said on Thursday. “I am very optimistic that will be able to conclude the deal if [the reserve] meets that target.”
He noted that unnamed “competitors” from Russia were also interested in Cape Lambert and could be willing to make a higher offer, though he declined to comment further or name the companies. Shareholders of Cape Lambert approved the sale of the 70 percent stake to Best Deacde in July (MB Jul 17).
Cape Lambert, located about 5 km from Rio Tinto’s port of the same name, is expected to start mining by the end of 2009. It has the potential to produce as much as 15 million tpy of iron ore concentrate with an Fe content higher than 60 percent.
Copyright © Metal Bulletin Ltd. All rights reserved.
China’s Ding expects to complete Cape Lambert takeover next month
Singapore 02 August 2007 09:03
China’s Ding Liguo said on Thursday he expects to secure a 70 percent stake in Australian iron ore miner Cape Lambert by September.
“An independent geological report is expected to be available on August 15, and if everything goes smoothly we should be able to conclude the purchase by September,” he said. Ding, chairman of 2.4 million tpy Chinese hot-rolled coil producer Delong Holdings, made the comments at a press briefing in Singapore, where the company is listed.
Ding signed a binding contract with Cape Lambert in March through Best Decade, a 78-percent shareholder in Delong that counts Ding as a director (MB Mar 30).
Best Decade agreed to buy a 70 percent stake in Cape Lambert for A$250 million ($213 million) on the condition that the Australian miner proves it has a JORC-compliant indicated iron ore reserve of 300 million tonnes. “A reserve of 300 million tonnes is the bottom line,” Ding said on Thursday. “I am very optimistic that will be able to conclude the deal if [the reserve] meets that target.”
He noted that unnamed “competitors” from Russia were also interested in Cape Lambert and could be willing to make a higher offer, though he declined to comment further or name the companies. Shareholders of Cape Lambert approved the sale of the 70 percent stake to Best Deacde in July (MB Jul 17).
Cape Lambert, located about 5 km from Rio Tinto’s port of the same name, is expected to start mining by the end of 2009. It has the potential to produce as much as 15 million tpy of iron ore concentrate with an Fe content higher than 60 percent.
Copyright © Metal Bulletin Ltd. All rights reserved.
Here is another one.
China’s Ding expects to complete Cape Lambert takeover next month
Singapore 02 August 2007 09:03
China’s Ding Liguo said on Thursday he expects to secure a 70 percent stake in Australian iron ore miner Cape Lambert by September.
“An independent geological report is expected to be available on August 15, and if everything goes smoothly we should be able to conclude the purchase by September,” he said. Ding, chairman of 2.4 million tpy Chinese hot-rolled coil producer Delong Holdings, made the comments at a press briefing in Singapore, where the company is listed.
Ding signed a binding contract with Cape Lambert in March through Best Decade, a 78-percent shareholder in Delong that counts Ding as a director (MB Mar 30).
Best Decade agreed to buy a 70 percent stake in Cape Lambert for A$250 million ($213 million) on the condition that the Australian miner proves it has a JORC-compliant indicated iron ore reserve of 300 million tonnes. “A reserve of 300 million tonnes is the bottom line,” Ding said on Thursday. “I am very optimistic that will be able to conclude the deal if [the reserve] meets that target.”
He noted that unnamed “competitors” from Russia were also interested in Cape Lambert and could be willing to make a higher offer, though he declined to comment further or name the companies. Shareholders of Cape Lambert approved the sale of the 70 percent stake to Best Deacde in July (MB Jul 17).
Cape Lambert, located about 5 km from Rio Tinto’s port of the same name, is expected to start mining by the end of 2009. It has the potential to produce as much as 15 million tpy of iron ore concentrate with an Fe content higher than 60 percent.
Copyright © Metal Bulletin Ltd. All rights reserved.
Perhaps someone could enlighten me on something. This article refers to "unnamed competitors" from Russia possibly making a higher offer. My question is would CFE be contractually bound to sell to Ding? If another player simply made a takeover offer for the shares in CFE, presumably that would give them only 30%. Thoughts anyone? A higher offer certainly has some appeal.
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Thanks Thooh.
I asked Metal Bulletin could they send me the article in question early today. They have sent me a copy and it is as Thooh has posted. I wish I had gone to the trouble earlier.
The following link confirms Thooh's first post.
http://72.14.253.104/search?q=cache...ESE+NEWS+DING+LIGUO&hl=en&ct=clnk&cd=12&gl=au
Skint my opinion is
Delong Holdings still has not spent any of that 200 million raised. Regardless of these new steel mills.
Regardless of any higher offer, CFE surely must proceed with Ding Liguo unless 300mt's is not confirmed. CFE has straight out confirmed on the ASX that more than 300mt's has been confirmed by RSG. As stated to us both some weeks ago RSG's final report was a formality!!
I do not think Ding Liguo is going to on-sell to the Russians either. Wouldn't make any sence with Delong Holdings needing all that Iron Ore. As the following link indicates (more than a year old) Delong originally looked to buy a mine in China.
http://www.steelguru.com/selectednews/index/2006/005/010/archives.html#9081
If the Ding Liguo deal fell through (I don't know how) it appears to me his competitors might pick it up. Grange Resources today announced that it has signed an agreement with RIO so to increase the capacity of its mine. To me there appears to be some buyers floating around.
I asked Metal Bulletin could they send me the article in question early today. They have sent me a copy and it is as Thooh has posted. I wish I had gone to the trouble earlier.
The following link confirms Thooh's first post.
http://72.14.253.104/search?q=cache...ESE+NEWS+DING+LIGUO&hl=en&ct=clnk&cd=12&gl=au
Skint my opinion is
Delong Holdings still has not spent any of that 200 million raised. Regardless of these new steel mills.
Regardless of any higher offer, CFE surely must proceed with Ding Liguo unless 300mt's is not confirmed. CFE has straight out confirmed on the ASX that more than 300mt's has been confirmed by RSG. As stated to us both some weeks ago RSG's final report was a formality!!
I do not think Ding Liguo is going to on-sell to the Russians either. Wouldn't make any sence with Delong Holdings needing all that Iron Ore. As the following link indicates (more than a year old) Delong originally looked to buy a mine in China.
http://www.steelguru.com/selectednews/index/2006/005/010/archives.html#9081
If the Ding Liguo deal fell through (I don't know how) it appears to me his competitors might pick it up. Grange Resources today announced that it has signed an agreement with RIO so to increase the capacity of its mine. To me there appears to be some buyers floating around.
