CYL 0.00% $1.78 catalyst metals limited

Ann: Quarterly activities and cash flow report , page-3

  1. 763 Posts.
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    re: Ann: Quarterly activities and cash flow r... Sorry Rock-Doc, been out and about and to be honest, apart from owning a small parcel of shares, I’ve all but lost interest in this lot. Haven’t had the time to troll through their Quarterly (though I will) but as to work (drilling) undertaken, it must be as disappointing as the previous three attempts. As we have not yet heard anything (remember we started drilling for the undercover northerly plunge before Xmas!!)! My problem with these clowns is that they believe they’re onto something that significant that they have gone into a Mining Option Agreement for Unity’s gold plant. You’d expect with that type of forward casting (aka hype! Or better still silly rubbish and BS! As they don’t even have a JORC deposit to send there) they’d have a steady flow of news. Or are they planning on doing something else with the plant? All we’ve seen so far is capital risings and questionable share purchases in the ASX. Without some significant drilling intercepts shortly this company will flounder. As the Victorian project is supposedly their flagship, look for indicators that alls not well. Delays in drilling, delays in the funding commitment to Unity, talk or any indications of switching focus to other projects!

    I have my finger on the sell button. Be very wary with this lot. There is a long list of other Victorian gold hopefuls that have tanked in recent times. Wow, I’m even going to go as far and say that IMHO, these guys will be another.
 
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