CAY

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9.8¢ canyon resources limited

Ann: Annual General Meeting - Advance Notice, page-35

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tiptruck

691 Posts.

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04/10/23

20:01

Post #: 70176249
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Originally posted by grahod: ↑

It was at 2c and went north side of $3.

I wanted to pull out 25% of my CAY holding to gain exposure into the crypto play.

Yes at the end of the day I made the decision not to do it, however I was aggressively and strongly persuaded to keep everything in CAY and the reasoning was based on what turned out to be fabrication.

It wasn't just any odd crypto. It was ADA. A very high quality outfit that was founded by one of the architects of ETH. It wasn't a case of if it will go up, it was how far is this one going to go.

It wasn't all based on gut feel either, that's just crazy. The fundamentals was very much in place and when the negative sentiment drained out of the market after the halving we all knew this one was going to be seriously bought up.

Basically it was the opportunity of a lifetime and I was fully committed to making that move, but at the time I didn't know how capable this repulsive human was good at lying which resulted in missing out on 8 figures and gaining a serious realised loss in CAY.

It's easy for others to look at this from the outside of the situation in retrospect, but the context cannot not really be understood from that position. Like I said before the impact of losing that money on me and my family is still there.

We pay these guys good money to do a job, not to get lied to. If us as investors get information that is wrong, it results in a negative outcome for us and when it's done intentionally that's just dead-set disgusting and weak.

One thing I stressed to the guy was we cannot be in CAY too long because its very vulnerable and the reply was always this thing is going to rocket and its just around the corner because of this and that. I've posted here a number of times of the serious negative underlying of the macro system and how it's in a slow death, what clouds the contrast and temporally preventing it from falling over is the vast amount of money printing.

One aspect that helped me understand how much of a disingenuous, dishonest person he is, and the need to be the smartest guy in the room is when one day over the phone he started lecturing me that Bitcoin was coded by criminals to be used as currency. I know a lot about that arena, especially how BTC works and why it was coded in the first place. I put him back in his place and he reacted like a child, not like a man would when he is corrected. If it wasn't bad enough that he bum-steered me out of generational wealth, he was now lecturing me on how it works. BTC is the absolute worse currency to be used to trade contra-band etc because the ledger is transparent.

As a broker he should fully understand the prerequisites in place that gave cause to it's inception.

Anyway what's been done has been done and no one can do anything about it. The lesson learnt is when someone rings up offering to manage my money I just simply hang up.

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one thing cay has to be given credit for is giving us tax losses

CAY Price at posting: 4.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 9.8¢		Change 0.001(1.03%)		Mkt cap ! $138.5M

Open	High	Low	Value	Volume
9.9¢	9.9¢	9.7¢	$150.2K	1.537M

Buyers (Bids)

No.	Vol.	Price($)
2	639125	9.8¢

Sellers (Offers)

Price($)	Vol.	No.
10.0¢	225364	4

View Market Depth

No.	Vol.	Price($)
2	639125	0.098
2	525000	0.097
2	506250	0.096
3	2180000	0.095
1	5333	0.094

Price($)	Vol.	No.
0.100	225364	4
0.105	806659	7
0.110	793153	8
0.120	592500	5
0.125	13000	1

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Ann: Annual General Meeting - Advance Notice, page-35

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Ann: Annual General Meeting - Advance Notice, page-35

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BCI reaches close of funding facility for salt-first part of Mardie project

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