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CLE - Cyclone Metals

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First payment is due by COB this Friday.

Article from this morning's West Australian.
 

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Thanks for the newspaper article.

Options are up quite a bit today - up 15.000% to 34.5c (up 4.5c).

Heads haven't performed as well at 55c - up 2%.
 
Can anyone tell me why CFE is only valued at $139m at yesterdays close when Mr Ding is paying $210m+ for a 70% share in the project? Surely this should indicate a much higher SP in the near future?
 

Above was calculated 3 months ago. Has change slightly, but still can be used as a basis. In my opinion the market does not think CFE will be paid. At one stage 7 weeks ago the market was so confident.

I have given up predicting the outcome. There is only one way to find out.
 
- "Ding Liguo is believed to be in Australia".
I have confirmed this from someone who should know!

- Chinese President Hu Jintao will be in Western Australia this Monday to see some of the Chinese investments being made (mining).

Now it is my opinion, that it would be in the best interests for publicity that CFE and Ding Liguo make the expected transaction tomorrow.
 
MR.

Some news tomorrow would be awesome. It has been a longish wait for some.

Current price - 55c

Cheers
 

Since Mr DIng is here I think the outcome should be good. However the share price did not move a lot. Maybe everyone still waiting for the news.
 
Sorry to be the bearer of this news - BUT as a long term investor in this company, I am obviously very interested as are the rest of you to know whether or not Ding comes to light with the first payment.

I have this morning made several calls to the company who flick pass me from one guy to the next and NOBODY is prepared to say anything.

On this basis, I (who have always been a true believer) am beginning to have my doubts.

If this payment is delayed, then I hope we don't go down the path of the never never basis.

Still holding thumbs though
 
Gos

Why would they tell you over the phone - one way or the other - as it is very market sensitive news?
 
There's no way they would tell you over the phone. That would be a CRIMINAL OFFENCE..and you shouldn't even be asking.
 
gosafas, hmmm thanks for your comments.

Well I'm not going to sell. Maybe you can sell me some of yours!
 
All I know that the 31st means the 31st. A "criminal offence" to ask whether money has been received? I think not! They have the problem if they know and nare not announcing it. My question to them was whether they wqere expecting the funds today. They could not comment Read into it what you like!
 
A "criminal offence" to ask whether money has been received?
Click to expand...

No, nothing wrong with that at all. It's perfectly fine to ask for market sensitive information and then make your trades based on that.
 
Consider that the information may be announced today and after 4pm (after market close).

So, I would not panic if there is no ann. prior to 4pm.


Wonder where the sp will go post cheque?
 
well there does seem to be some pressure building in late trade.

I still expect that Ding will follow through on the payment. After all, the required resource has already been confirmed. Certainly wouldnt be a good sign, for CFE to meet all the conditions, and then he pulls out.

In their last update CFE were quite clear that the first instalment would be paid by today.

Not unheard of though, for Chinese companies to run things to the last minute.
 
mahmoodf said:
Well, looks like nothing has happened.
Click to expand...

I didn't expect to know today. If they received the payment late in the day they would not be able to get it to the asx. London market is running. But no announcements.

But would we really expect such announcement before the australian market?

The traders would be right on to this....

I wonder if this whole process, the dates etc. etc. has been to keep the short term traders out so to establish who is actually interested in the company. Look what happened after the 300 mt's was released, I was only one of few who purchased more.

Perhaps in a perfect world...
 
Well, if I don't hear something by Monday, that will start my alarm bells ringing.

I guess another day will not kill me.
 
mahmoodf said:
Well, if I don't hear something by Monday, that will start my alarm bells ringing.
Click to expand...

My alarm bells have been ringing for a month.

I noticed tonight Delong Holdings was up by 4.6% today this is the highest for a while.

I hope also some news is found over the weekend. I wonder if at close of london's market!
 
Agreed, does make one nervous, but the newspaper clipping above posted by mahmoodf does say that the chinese delegation is due in Perth monday, my thoughts are that Ding will be with the delegation as part of the publicity and politics of this visit.

Nothing better than a chinese steel tycoon to hand over a cheque with senior chinese political presence alongside. Kinda odd if Ding paid friday and the politicians arrive monday?? May even happen on the last day of the visit.
 
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