CLE - Cyclone Metals

[mahmoodf]

“An independent geological report is expected to be available on August 15

Hasn't this already been achieved? Or am I missing something here?

 

[MR.]

Hasn't this already been achieved? Or am I missing something here?

I expected it wednesday before last. Just running a bit late.
The interview with Ding was the following day which claims it is now expected today.

At 1:13 today a nice single buy of 450,000 cfe.
http://stocknessmonster.com/

 

[thooh]

Today share price lost more than 10%. Hope the "good" news is on its way. Is not I think probably will fall below $0.40

 

[MR.]

If you know something which I don't know about CFE can you tell me.

I have been buying.

Its hard when I have already lost badly. But the sell off is a bit silly. Too many computers at home with too many people thinking that the price last traded is the price their shares are now worth.

Well I'm not selling. The shares I own are worth more.

Stop selling. No news has been released.

(my wife is going to kill me for buying more)

 

[thooh]

I don't think CFE have anything wrong with it. CFE and CFEO just only affect by the overall share market. Even the share price is bit low but the turnover of the share volume is very high.

I do stock up alot of CFE anf CFEO as well. But I not going to sell. Besides, I still want to buy a bit more. I believe they will release some news very soon. Right now no news is good news.

If the "good" news been release it today it only will stable the price of CFE and CFEO. Just like JB Hi-Fi, Commonwealth Bank and BHP. So I rather right now they not going to release any news until the overall share market back to stable.

P/S: This only my personal opinion, Please don't take it too serious.

 

[MR.]

I'm not sure who has survived today but here is some information:
(speculation if you want to call it that)

NEWS:

-The final RSG report has been received.

-The official deadline is 31/8/07 for the first installment payment.

-Ding Liguo claimed "He will pay not only CFE but the world markets."

source MR.

 

[mahmoodf]

Last time I spoke to TS, the date was 16th August, exactly one month after the deal had been ratified at the GM.

If what you are saying is correct MR, then I am a little disappointed as Cape has not communicated this to the market.

Who is your source MR?

 

[MR.]

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.

Of all people, did I not warn you that this may happen. Its just bad luck it all happened on a day that the ASX had its worst day in 7 years.

 

[ta2693]

I am just think if Ding instead of paying the CFE, He buy CFE on market.
will this save Ding a lot of money

 

[mahmoodf]

Of all people, did I not warn you that this may happen. Its just bad luck it all happened on a day that the ASX had its worst day in 7 years.

You are missing my point; I am still confident everything will go through, I just wish the information was communicated a lot better to the market.

 

[MR.]

You are missing my point; I am still confident everything will go through, I just wish the information was communicated a lot better to the market.

I know what you mean. I HOPE that either an ASX ann' or a West Australian news article is released to the market this morning.

Although you asked directly to CFE (like I and others) about the 16/8, I don't recall this date being announced to everyone. The announcement I recall is that Ding Liguo has one month to pay. It really would not be unreasonable if an announcement came out today.

Mahmoodf, I don't get the West Australian being in QLD. Is there something in todays paper?

 

[Santoro]

I think most news reports have indicated that Ding hopes to get things under wraps by September. Be mindful that things could easily be stalled, if Ding felt the deal is not as attractive or had concerns, the way to buy time is just don't pay and await legal action.

My opinion is that he will come to the party, this guy is going to need a sizeable and reliable iron ore supply to realise his goals.

The fed's decision should help stop the rot at the least.

 

[moneymajix]

Ann.

23 Aug 2007 12:01 ! Drilling and Sales Update

Sale of 70% interest

On 27 March 2007, the Company announced it had entered into a binding sale agreement
with Mr. Ding Liguo or his nominee (hereafter Mr Ding) to sell 70% of the Project for a total
consideration of US$192.5 million (“Sale Consideration”).
The Sale Consideration is to be paid over three instalments (refer Notice of General
Meeting despatched to Shareholders on 15 June 2007 for full details). Following the
provision of the full independent geologists report to Mr Ding on 1 August 2007, the first
instalment of US$57.75 million is due to be paid on 31 August 2007.
_________________
48c, up over 10%

 

[moneymajix]

50c - up 15%

Oppies 29c - up 31%


Ding to pay $57.5M US dollars by 31 August. With more installments to come.

Not sure what that is in Aussie dollars.

I should imagine the news will get a bit of media coverage which will give the stock more exposure.

 

[prawn_86]

if i work it out correctly their market cap is approx half of the $250 mill they will be recieving. plus they still own 30% of the project.

meaning that assuming the deal goes through their market cap should be at least $250mill as that is what they will have in assets.

does this classify as a no-brainer or have i missed something??

shame i dont have any cash

 

[moneymajix]

Prawn

Another thing, CFE also have other iron ore prospects which they will be spinning off into another entity.

 

[prawn_86]

what is the downside MM? as you seem to know a fair bit about this stock.

i have only just heard about it and have not had a chance to research it thouroughly

 

[moneymajix]

Prawn

I am not an expert and have been a holder since January (30s).

This stock has moved in unexpected ways. Manipulation by the registry was one explanation, I read?

Has been in the 70s and then slid into the 40s recently.

I had confidence in it, so kept holding throughout the rises and falls (in retrospect selling in the 70s would have been a good idea).

Would be good to get a chartists view on this one, too.

I am sure some of the other posters on the thread would be more capable than me in providing some background - possible downside - to this stock.

I am planning to hold for a bit longer.


Price check - oppies 30c, up 36.364%%

 

[MR.]

Well I can't tell you how good it is to see this announcement. Although it would have been a lot better for me a little earlier in the week. Perhaps I deserve it. Water under the bridge. Time to look forward not back.

I have positioned myself for the medium to long term. If the money is not paid I expect the share price to fall back to $0.15 cfeo and $0.30 cfe and I will still stick with Tony Sage. I believe the mine is viable with or without the current buyer. I have to believe in someone.

As for research “Prawn 86” Just read this thread from March onwards. Then spend a weekend or two before the end of the month? But too much research perhaps is not good. I have a folder 2 inches thick just for CFE and perhaps I have a little way to go.

As a “Warning” I believe this share has been manipulated in the past and expect that in the future. Just watching some of the trades this morning on low volume it climbed too quick. A lot may jump on this stock and I bet they will jump off before the release. Is there something wrong with that? There is if your the last buyer and CFE is not paid for reasons unknown to us.

Good Luck....

 

[moneymajix]

Market reacting positively to yesterday's announcement.

0.57c, Up 6c (which is up 11.765%)





First payment on Friday, 31 August.

I think all monies from Ding are due to be paid by end Sept.

Hopefully, see increases in sp as milestones reached.