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7.35% 7.3¢ canyon resources limited

Ann: Trading Halt, page-42

  1. Furbag
    130 Posts.
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    15/12/19
    12:54
    Post #: 41975460
    So in July we raised $4M at 16c and Canyon announced they were funded to complete the PFS.

    Since then, very high grade results - high grade drilling - significant resource upgrade - 2 part 2 port strategy - scoping study.

    Hence the reason another raise at 16c will be pretty ordinary, especially if it's to finish the PFS

    The raise at lower pricing has probably been locked in for a while and it's why the share price hasn't reacted too much to the news.
    Last edited by Furbag: 15/12/19
    CAY Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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