CYL 23.1% $1.41 catalyst metals limited

Ann: Quarterly Activities Report, page-84

  1. 211 Posts.
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    Yup, getting a touch emotional Kori, sorry mate, shouldn't really, it's only money.
    Noticed Greywolf Capital, with over 6 % of SGI, just announced they'll vote against CYL t/o.......finally, someone bothering to look more carefully.
    As to my sense of humour....yeah,...you're right, just not a happy camper right now...though Greywolf news bringing a smile .....
    CYL owns 50% of Victoria tenements, interesting.....given many years and, say 100 million dollars, could well arrive at a production decision, and the need for another 300 million+, and 5 yrs to build.....so interesting, but not for me, i won't live long enough to see the first oz.
    Henty is an expensive writeoff.....when the grounds that bad, forget it. ( CYL will not close it immy, the sane thing, they will invest more money, take more losses, and close down/or sell for big loss, a few years down the line )
    The cash in CYL/vango, enough to pay vango debts, zag damages ( maybe ), Henty debts, closedown and land remediation ( more likely, CYL will continue the Henty charade for a few more years, at great cost to shareholders ).
    Please explain to me where the value is in CYL....I just don't see it Kori
    Ooops, I forgot the famous Marymia tenements.....far away from the mill, requiring, as you admit, multi millions to develop.....and totally not required by SGI, which has closer richer ore, in quantity.......ie, Marymia has value, but....meh......
    I'll buy my own sm Kori....way less costly
    than joining the vango family
 
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