CAY 0.00% 6.6¢ canyon resources limited

Ann: Canyon signs MoU with Cameroon rail operator Camrail, page-16

  1. 6,005 Posts.
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    Hardly a lame announcement. In fact a major fundamental component put in place.

    I keep stating retail won’t drive the price. It’s in fact them that are driving it down. Deep pocket smarter end of town are washing out the weak holders slowly and eventually when that investment arena are satisfied the business has reached a mandated stage it will drive the price up.

    With that in mind if we don’t see buying coming in a month or two after the off take announcements, IMO the price is likely to see sub 10c. I think in that lack of serious accumulation scenario the market will truly have had a complete gut-full and the price will fall over. The sentiment in this forum is seriously heavy and weary as it is.

    Since the proposal of resolutions between 7-16 the feeling from the market towards the board is so damaged that I cannot see it repaired unless PG moves aside and get a guy in there that respects the shareholders and understands how vitally important respect from all corners of the market is paramount in this game.

    Lets propose our own resolution. If the price drops 40%, the board members have to un-dilate 1m shares each back into the company by the corporate entity buying them back for zero sum. If they want to be “rewarded” for a 40% rise let’s see them get punished for a 40% fall.


 
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