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CLE - Cyclone Metals

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Looks like short traders were selling into the buy back now thats over back down to .59c lets see if the buy back pays dividends when its time to distribute income

laurie
 
And the SP continues to head south. This bunch has some good fundamentals so should the sp not be heading North ? or are they like everything else and caught up in the south going tide.
 
Appears that Tony Sage is trying to bring forward an acceptable offer for its Marampa Iron ore project. The alternative is to go ahead with the listing as a way of making the sale.

With a market cap under $300M and a valuation placed on the Marampa project alone of $500M it should mean that CFE is priced well below value at this stage. Even without Marampa the $300M market cap is probably justified on the value of the other assets held by Cape Lambert. There has to be an upside here.

"Cape Lambert Resources plans to list its Marampa iron ore asset in Sierra Leone on the London Stock Exchange.

The company says the initial public offer is expected to raise about $500 million.

The listing plans were put into train after Cape Lambert confirmed a 680 million tonne (Mt) resource at Marampa, a much higher amount than the 500 Mt minimum required by the company for a float.

Chairman Tony Sage says a trade sale is still a possibility but the London listing is the preferred option.

Mr Sage is travelling to London next week to meet brokers, with a view to selecting two to run the listing, one of which will be North American to provide exposure to that investment market.

"The London market has only got two west African iron ore players whereas the Australian market probably has got four or five, so we think it would work better in that (London) market," Mr Sage told AAP.

A name for the spin-off company would be decided after consultation with the Sierra Leone mines minister, who would make his first visit to Perth soon to meet Cape Lambert, Mr Sage said."

http://www.businessspectator.com.au...on-bourse-spin-off-JJD4Z?OpenDocument&src=hp6
 
renewed speculation about Marampa is bringing CFE back into focus.
I'm buying again
 
pixel said:
renewed speculation about Marampa is bringing CFE back into focus.

I'm buying again
Click to expand...

Dear Pixel
Randomly searching Iron Ore sites, this one came to my notice. Since Feb there was no posting.
When the price was 53 cents or so probably Tony Sage sold off part of his holding only to re-enter.
With very low iron price how is CFE doing or expected to do compared to BHPB/FMG situation .
I am hoping you have done some research and appreciate to get your views

Many thanks
 
CFE Has just announce another 10% Share Buy Back to start in Jan 13.

Judging by the last Buy Back where the SP moved over 100% this should bring some upside, its been a downhill slide for the past 6 months.
 
Hopefully Tony Sarge will announce dividend to shareholders after the ATO settlement and MCC paid their money. Hopefully we may see anywhere from 4c to .10c [anyone guess really] but sp hit a high of .15c today
 
4c it is,2c now and 2c Feb next year happy chappy fully franked making a total of 5.71c
 
laurie said:
4c it is,2c now and 2c Feb next year happy chappy fully franked making a total of 5.71c
Click to expand...

Those thoughts had crossed my mind, Laurie
When I checked my Ex-Div spreadsheet, where I also calculate current yield (including Franking), CFE's going ex-div on September 25th stood out with almost 20% yield. That may well have occurred to other market players too, and explain the recent re-rating of CFE. As a friend commented today, "I love companies that have too much money."



Technically, I like it when a pullback bounces off one of the higher Fibonacci levels.
All ducks lining up, I started to buy.
First resistance = 16.5c; stop on break below 14c.

btw, we also like the shape of the Weekly chart:

 
Sorry, it took me too long to produce this picture. Instead of uploading the entire file (over 1MB), here are the highest-yielding upcoming dividends as a mere snapshot:

 
CFE on the move this morning after announcing "that representatives of the Company have been invited to China this week to advance strategic investment discussions, cobalt and copper offtake agreements and commodity linked debt funding for its interest in the Kipushi Cobalt Tailing Projects in the Democratic Republic of Congo."

Currently up 42.10% to 2.7c on good volume.
 
CFE on the move again. Share price has about doubled in the last few days on increasing volume. No announcements out except for a Company Presentation on 27 November.

I'm assuming the share price increase is connected to CFE's interest in EUR. Anyone else have any thoughts?

 
Tony has his fingers in so many pies, it's difficult to work out where the best prospects lie.


EUR is quite likely playing a role, but IMHO, the long-running dispute with the ATO has been weighing on people's minds too. If that came to a benign solution, as foreshadowed in the recent presentation, one heavy millstone would be removed.
 
CFE continues its trek north today. It's currently up 26.83% to 5.2c on volume of almost 42 million shares.

This morning they announced that Mr Stefan Müller has been appointed as a Non-Executive Director of the Company with effect from 1 January 2018.


Mr. Müller appears to be quite experienced but I don't think that's what's driving the share price but it could be a sign of things to come. Anyway, CFE has made it onto my watchlist and I will be keeping an eye on it in the short term.
 
On October 13th, 2020, Cape Lambert Resources Limited (CFE) changed its name and ASX code to Cyclone Metals Limited (CLE).
 
System said:
On October 13th, 2020, Cape Lambert Resources Limited (CFE) changed its name and ASX code to Cyclone Metals Limited (CLE).
Click to expand...
The Company holds a significant shareholding in ASX listed Cauldron Energy Limited (ASX: CXU) and FE Limited (ASX: FEL). The share price in both these entities has increased over the last few weeks hence increasing the value of Cape Lambert’s investments.

and a month ago:
NEW EXPLORATION LICENCE APPLICATIONS OVER COINCIDENT GEOCHEMICAL REE AND GEOPHYSICAL GRAVITY ANOMALIES IN NW WA
Highlights
▪ Applications for two tenements covering 297 graticules in the Carnarvon Basin 33km from the North West Highway east of Shark Bay
▪ Coincident geochemical rare earth element (REE) and geophysical gravity/TMI anomalies identified with deep gravity low interpreted as a buried diatreme structure.
▪ Interpreted structure similar in size to the Mt Weld REE deposit.


..... iron ore is old hat; let's restructure (So long; stale holders)
 
and the cop is awake
CLE will be suspended from quotation immediately in accordance with Listing Rule 17.3, as ASX has determined that CLE’s operations are not adequate to warrant the continued quotation of its securities...
Click to expand...
... tbc
 
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