CYL will have TWO working plants, plenty of mining licenses, and will be producing gold well before DEG as they are yet to build a plant.
CYL will have 200 to 250? million shares on its registry once this deal is completed, DEG has a much larger 1.5 Billion shares.
Both companies currently have similar share price.
Both companies are in spectacular gold rich locations. Both companies should also be able to discover more multi million ounce deposits!?!
As an investor I can see that CYL should have a much larger investment upside simply based on its lack of dilution, share price, and ability to commence mining ASAP.
GLATH+DYOR
Ann: Confirmation of despatch of Bidders Statement, page-8
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Last
$2.83 |
Change
-0.260(8.41%) |
Mkt cap ! $639.5M | |||
| Open | High | Low | Value | Volume |
| $2.93 | $2.93 | $2.80 | $5.108M | 1.792M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 576 | $2.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 7988 | 1 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| CYL (ASX) Chart |