Australian (ASX) Stock Market Forum

CLE - Cyclone Metals

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Santoro said:
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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SANTORO, good post. I'm kicking myself for not coming to this conclusion myself, I should have, I was so close. Thanks for your post.

Following is a snip from (Bloomberg 28/8) and link re-posted.

The president will be accompanied by a delegation of Chinese investors and executives and will sign several agreements, including the purchase of minerals and commodities, he said, without giving more details.
http://www.mining-journal.com/Breaking_News.aspx?breaking_news_article_id=3635

mahmoodf, thanks for checking the paper apprieciated.
 
well, there is an announcement, but cant see anything up yet.

Possible that if they are signing today, CFE to go into trading halt?
 
Yep, Trading Halt.

I guess this is it, make or break! If the money comes through as planned, CFE is making the move from explorer to producer.
 
Ruprect said:
Yep, Trading Halt.

I guess this is it, make or break! If the money comes through as planned, CFE is making the move from explorer to producer.
Click to expand...

And it looks like you didn't choose CFE in ASF monthly comp' for Sept only August.

If what was pieced together on the weekend was right I thought there would have to be a trading halt. I was becoming very concerned....
 
Lol, no - well spotted. I was actually expecting a spike in the price on Thursday and Friday!

Oh well, i'll be happy enough i suppose with a confirmation. Iron ore prices still arent showing any signs of slowing, and im quietly confident that CFE will increase the resource in a significant way with more drilling.
 
Anyone has any breaking news:D, especially those from western australia:confused: I waiting but my patience is running out:banghead:
 
All,
Am a new poster to ASF. I am a shareholder in CLIO and curious why the AIM traded price has not risen significantly today - assuming the deal is being signed/ratified in Perth today/tomorrow as part of China President visit. And if the deal is not being completed, then a market reverse signal is equally expected. But to trade on AIM and go nowhere is very very confusing.

If the deal is signed, does anyone have a view as to what range the share price will trade at ?
 
The AIM as i understand, dont have the capacity for companies to go into a Trading Halt.

I think any lack of movement is probably because the trading halt here didnt indicate any information. CFE have said that the 31st was the deadline for the first payment, so traders might be considering that the announcement may be a confirmation of the payment - or a lack of payment and possible options after that.

Either way, we should know tomorrow or first thing wednesday.
 
thooh said:
Anyone has any breaking news:D, especially those from western australia:confused: I waiting but my patience is running out:banghead:
Click to expand...

What do you mean? You have only held for 5 minutes! Your on for the best part of the ride!

Anyone notice that climb in the clio half way through trade?

Delong Holdings just purchased the 40,000,000 options from Ding Liguo!

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_881DBB51144EF3C94825734B003EFA41/$file/Option.pdf?openelement

-The Chinese president visits WA mines today. Is Cape Lambert too far away to visit? (there is an air port next door)
-Will Delong Holdings go into a trading halt?

I expect it shall be an interesting day!
 
Be nice if the President was part of the whole thing. Imgaine the interest that would spark in China. Maybe im getting ahead of myself.

Im assuming the team of Chinese might be involved in something with GBG at least, but a visit to all of the sites might be too hard. So the office sounds logical.
 
Agree with GBG. Even though GBG is a lot closer, what is there to see at either of the GBG or CFE magnetite mines? Dirt.....

Yes, getting ahead of ourselves but an office tour of JV GBG then onto JV CFE office is not out of the equation. GBG's market cap is 900 million. GBG's export is to be only 8 million tonnes per year. Now from the media we do expect a GBG office tour. As we know CFE is aiming to be a bigger mine with 70% owned directly by the Chinese.....

I do hope all you guys still hold.....

Delong Holdings hasn't started trading today when it should have. It is not clear why? Perhaps the difference between buy/sell?? 23 minutes in.
http://stquote.sgx.com/live/st/STStock.asp?stk=delong
 
Can we crystal ball gaze a little. By my estimate, there is 498m shares and in-the-money options in issue. CLIO has no debt on balance sheet; is about to receive $250m (30% now; 55% in 3 months; 15% later) cash. $250m divide by 500m shares in issue = 50cents per share.

My question simply is, where should the shares trade post halt assuming the deal is done more or less on the outlined terms ?

Surely 2 times cash eps is realistic. How much more, or less ?? Interested in your views.
 
I wouldn't be suprised if the deal was going ahead and that there will be no further delay on payment from Ding.
I mean, think about it......How bad would it look for the chinese if they just happen to be visiting W.A NOW and a deal from one of their own well known business men fell through?

I wouldn't be suprised if the chinese govenment is more well informed of the Ding dealings than we are:)

I thought that there might not be much action in people waiting to buy into CFE because most probably factored in that Ding would come through with the goods. I mean sure there are those that will wait on the sidelines for confirmation, but Im a bit skeptical about the sp rocketing into space when the ann comes:cautious:

:2twocents
 
I expect this deal has been done by now, Delong trade should indicate that its moving ahead, re the share price...interesting....I.m thinking around 70-75 cents...
 
I guess China's President Hu Jiantao didn't call in for his Lamb' roast today. I hope Ding Liguo did.
It would have made such a good story........

Anyway, fairy dust has now run out. My feet are back on the ground.
Trade is expected to open tomorrow.

good luck to the holders.
 

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