CLE - Cyclone Metals

Ashsaege · 2 October 2008

Im glad i sold my OZL shares to purchase these puppies!

Might have to scrounge up some spare cash and purchase more. currently up 33%

nioka · 2 October 2008

hsv2001 said:
Am i reading right, that this is approx. a 50% return on the shares I wish i had some spare cash

We have been telling you this was going to happen for weeks now. It's not exactly new news. It has only just been confirmed......

Mumbank · 2 October 2008

Yippee, I'm glad I topped up with more of these the other day at 34c - nice little return. Up 11c this afternoon.

:

Such a nice change in this revolting environment where everything seems to be bad news.

Ashsaege · 2 October 2008

Mumbank said:
Yippee, I'm glad I topped up with more of these the other day at 34c - nice little return. Up 11c this afternoon. :

Such a nice change in this revolting environment where everything seems to be bad news.

Yeh Im not use to this feeling.... finally kicked a goal in this dreadful season!
Hopefully there will be some decent buying pressure over the next couple weeks.

Go Nuke · 3 October 2008

Yes but don't you all think this is going to go down faster than a two dollar hooker after the 14th of October?

I reckon it will get smashed after people pocket the divi and jump out again

nioka · 3 October 2008

Go Nuke said:
Yes but don't you all think this is going to go down faster than a two dollar hooker after the 14th of October?

I reckon it will get smashed after people pocket the divi and jump out again

One of these days this stock will get valued for it's cash balance. Even after the cash handout the market cap at todays price will not be anywhere near the cash balance and there are still the other assets to consider. This stock is a chicken. ( it goes cheep, cheep). I'll use my divvy to buy more CFE.

billabooloo · 6 October 2008

Hi all,

Does any one have any idea about the taxes that will need to be paid on the sale of the project.

My val goes like this... let me know what you think ......

Cash 16m @ jun08
from sale Sale 320m

tax to be paid (400-30)*.3=111m **
cash from option expercise =12m (assuming the $1.4's dont get exercised)
cash used for upcoming projects = 25m african project +5m other.

Total cash available currently = (16+320-111+12-30)= 207m

Then 100m isdistributed to current FPO's (440million shares)= 100m/440=0.227c

107m cash available distributed amongst diluted Shares = 107m/523m=0.206c

Total Value = 0.227+0.206c= 0.426c

This however leaves no value for any of the projects(consistent with the pricing of other explorers)

Also no value is given to the 80m to be received if cape lambert gets mining approval

If we give a 50% probability of that happening (must happen in 2 yrs) =0.5*80m/523m = 0.08c

Total value = 0.08+0.426= ~50c

** I assume they can deduct something from the taxable income, however I'm wondering if the 50% CGT deduction applies. If it does it would increase the value by around 10c.

Of course all this is just my speculation ....any thoughts ??

shaunm · 7 October 2008

Hi fellow cfe'ers.
how late or how close to 14th october can you buy additional shares to be in for the dividend?
Thanks

jackson8 · 7 October 2008

In accordance with the ASX Listing Rules, the timetable applicable for the return of capital
and dividend is outlined below:

Event Date
Announcement of Dividend and Return of Capital 2 October 2008

Effective Date 14 October 2008

Trading in Shares starts on an “ex return of capital
basis” and “ex dividend basis” 14 October 2008

Record Date 20 October 2008

Payment Date and Dispatch Date 24 October 2008

As outlined above, the record date for these payments will be 20 October 2008, which the
Board believes will provide Option holders wishing to take part in the return of capital and
receive the unfranked dividend sufficient time to convert their options.

hope this answers your question , i dont quite make sense of it my self so if you do you may like to post

nioka · 7 October 2008

shaunm said:
Hi fellow cfe'ers.
how late or how close to 14th october can you buy additional shares to be in for the dividend?
Thanks

As far as I know 3 clear days. Tomorrow is close. I can't see the catch with CFE. When something seems too good to be true it usually is. ????????????

Goldmann · 8 October 2008

nioka said:
As far as I know 3 clear days. Tomorrow is close. I can't see the catch with CFE. When something seems too good to be true it usually is. ????????????

would this deadline apply for people who dont hold CFE but wish to get in today to be eligible for Divi???

nioka · 8 October 2008

Goldmann said:
would this deadline apply for people who dont hold CFE but wish to get in today to be eligible for Divi???

No guarantees but as I see it you can buy today and get the divvy.It is easy to read these things differently, maybe check with a broker.

deadset · 8 October 2008

I thought it looked good the other day.
So much going on though, I missed it.
The coal companies have taken a severe beating lately.

Selling OZL at $1.80 or so the other day and swapping to these would definitely have been the way to go.

I'm ready in the box seat if the Nickel price skyrockets anytime soon.

Ashsaege · 9 October 2008

it's nice to see the board all getting along well now. A decent amount of experience behind the board too!
There was a bit of talk about capitalising on other opportunities in the current market... everything being so cheap and them having oodles of cash.

bas · 9 October 2008

If the "ex" date is the 14th then you can buy anytime up to and including the 13th to be entitled to the returns. You can then sell on the 14th if you want to and will still receive the capital return/ dividend. Naturally you'd also expect the share price to come down by the cash return amounts though.

Shrewd Crude · 11 October 2008

Hey dudes...
Ise at a sharetraders function during the week and there was some considerable talk about this company... 330million in bank... 170million market cap... distribution through dividends coming...Monday last day to get in (to be safe)... 22.7c while trading at 39cents... I reckon this could fall 15c on dividend (which would still make the stock a ridiculous steal) given its cash levels...
Yeah it does sound too good to be true huh....
you will have to do your own research on this one...
Huummmmm....

.^sc

Wysiwyg · 11 October 2008

Good spotting SC.The divies are unfranked and the capital return will be taxed too.Still a good payout to all share holders at 22.7c.

The return of capital and unfranked dividend will comprise 31.25% and 68.75% respectively of the AUD$100 million.
The ex return of capital and ex dividend date has been set at 14 October 2008 .

Family_Guy · 12 October 2008

ooouu ooouu......pick me, i have a silly question.

OK, lets say the SP does drop 15 odd cents which i can see happening. So now it's 25c at the end of the day which values the company at roughly at little over $100mil. Could someone, any old pleb, just one single person walk in and buy the company out, take the $300mil cash and close the thing down and make a cool $150mil odd profit?
Because it would smell of TO material to me. Or is that a hard thing to do?

Anyway, that makes sense to me.

nioka · 12 October 2008

Family_Guy said:
ooouu ooouu......pick me, i have a silly question.

OK, lets say the SP does drop 15 odd cents which i can see happening. So now it's 25c at the end of the day which values the company at roughly at little over $100mil. Could someone, any old pleb, just one single person walk in and buy the company out, take the $300mil cash and close the thing down and make a cool $150mil odd profit?
Because it would smell of TO material to me. Or is that a hard thing to do?

Anyway, that makes sense to me.

They could start buying shares, that would make the price rise. Unless they end up with 90% they have to make a take over offer, would you accept less than the company is worth?.

It could happen but not at 25c. At 25c I'll be buying not selling. I'll be reinvesting my divvy at least in the first week.

Ashsaege · 13 October 2008

Well tomorrow is the 14th, so im expecting strong buying pressure today. Hopefully we will see a good rise in the SP today

CLE - Cyclone Metals

Ashsaege

nioka

Mumbank

Ashsaege

Go Nuke

nioka

billabooloo

shaunm

jackson8

nioka

Goldmann

nioka

deadset

Ashsaege

bas

Shrewd Crude

Wysiwyg

Everyone wants money

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Family_Guy

nioka

Ashsaege

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