CYL 4.31% $1.11 catalyst metals limited

Ann: Catalyst to self-fund Plutonic East restart, page-43

  1. 1,461 Posts.
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    Well Crash you may have to put me on ignore as this poster is about to make another constructive critique (which you view as a complaint) of the latest ASX release. Many of you CYL original holders are not aware of the history of VAN and SGI.This is announcement is a big so what? In fact we have sellers not buyers today on a price sensitive announcement. All of this Trident data has been known and released over the last 6 years , even Plutonic East .It's all just putting a different spin on what has been known but appears to be 'new' news!. However and this is the kick in the head - large investors have long memories. They participated in a $22m raise @ $1.00 on the premise that the funds would be used to bring ore from Marymia to the plutonic mill. But the key take way is that this announcement has both Plutonic East and Trident pushed out to late 2025. They agreed to the merger on the promise that the combined merger would be valued at $800m within 12 months. Now 15 months This has not happened even though I do agree with you all that it will one day. I just want it to happen before I die . The site is pre native title , Trident already has provisional mining approval, Trident already has planned mining with open cut mapped out over 3 years ago There is no need for a time consuming and costly DFS/BFS and extended mining approvals process. James just get on with it. Everybody seems to be getting excited at a $1.12 share price. Im not!
    Last edited by kori: Today, 15:34
 
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