Cape Lambert Iron Ore(CLIO)

Sector:

Mining

Index:

FTSE AIM All-Share

Market Cap

£79.87m

Change Today

Price Down-1.50p

Share Price

16.50p

Cape Lambert A$400m project sale 'on target'

Date: Friday 28 Mar 2008

LONDON (ShareCast) - Cape Lambert moved higher Friday as the firm said the A$400m sale of its namesake iron ore project in Western Australia to MCC Mining (Western Australia) Pty Ltd (MCC) is on target.

A non-binding Memorandum of Understanding was signed a month ago for the sale of the project located in the Pilbara region of Western Australia, which comprises four key exploration licenses.

MCC has already paid a A$10m deposit, of which half is non-refundable, to secure an exclusive right until 30 April to conduct due diligence for the acquisition.

The proposed sale is subject to the successful completion of this due diligence, and shareholder, Foreign Investment Review Board (FIRB) and Chinese government approvals, said Cape.

MCC has told the company that it has lodged an application with FIRB.

“MCC has quickly progressed the FIRB application and is expediting due diligence, which gives us a clear indication of its intention to complete the sale and achieve completion in the quickest possible time-frame,” said Cape chairman Ian Burston.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CLIO Market Data

Currency UK Pounds
Share Price 16.50p Price Down
Change Today -1.50p
52 Week High 42.50
52 Week Low 12.75
Volume 18,932
Shares Issued 484.05m
Market Cap £79.87m
Beta 0.44
RiskGrade 527

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
77.12% below the market average77.12% below the market average77.12% below the market average77.12% below the market average77.12% below the market average
88.11% below the sector average88.11% below the sector average88.11% below the sector average88.11% below the sector average88.11% below the sector average
Price Trend
45.33% above the market average45.33% above the market average45.33% above the market average45.33% above the market average45.33% above the market average
77.44% above the sector average77.44% above the sector average77.44% above the sector average77.44% above the sector average77.44% above the sector average
Income Not Available
Growth
11.78% above the market average11.78% above the market average11.78% above the market average11.78% above the market average11.78% above the market average
13.25% below the sector average13.25% below the sector average13.25% below the sector average13.25% below the sector average13.25% below the sector average
Price Chg 6m
41.56% below the market average41.56% below the market average41.56% below the market average41.56% below the market average41.56% below the market average
34.36% above the sector average34.36% above the sector average34.36% above the sector average34.36% above the sector average34.36% above the sector average
P/E
81.36% below the market average81.36% below the market average81.36% below the market average81.36% below the market average81.36% below the market average
67.35% below the sector average67.35% below the sector average67.35% below the sector average67.35% below the sector average67.35% below the sector average
PEG Not Available
Dividend Yield Not Available
EPS Growth Not Available
Operating Margin
71.52% below the market average71.52% below the market average71.52% below the market average71.52% below the market average71.52% below the market average
17.02% below the sector average17.02% below the sector average17.02% below the sector average17.02% below the sector average17.02% below the sector average

CLIO Dividends

No dividends found

Trades for 07-Oct-2008

Time Volume / Share Price
12:36 10,000 @ 17.40p
10:49 8,932 @ 16.26p

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