A Golden Opportunity

It has begun!!


I managed to find a bit of extra time today to go over the recent CYL trading volumes, and the pending drilling results and programs for those who may be interested.

May I say that things are starting to look very good on both fronts!

It looks to me like the share price has finally decided to recommence chasing the old highs of late 2019 which had been stalled due to the CR in early 2021.

Simply take a look at the volume on the buy side this morning that is above $2.00 = 63,768 units as of 9.34 this morning!

CYL based on the new build in volume on the buy side should easily move towards $2.50 in the very near term, and IMHO with the current progression of our major drilling programs the SP should once again climb to well and truly over the $3.00+ in the not to distant future!


Below is the recent monthly trading volumes an SP for 08/09/10/11

AUGUST = 947,864 SHARES TRADED
HIGH = 2.04 = 02/08
LOW = 1.88 = 24/08
= Higher Selling Volume


SEPTEMBER = 693,274 SHARES TRADED
HIGH = 1.975 = 07/09/21
LOW = 1.82 = 28/09/21
= Reduced Selling Volume


OCTOBER = 484,879 SHARES TRADED
LOW = 1.84 = 1/10/21
HIGH = 2.12 = 26/10/21
=Selling volume has dropped off and ACCUMULATION to a higher share price has begun.


NOVEMBER TOTAL (SO FAR) = 304,197
LOW = 1.97 = 4/11/21
HIGH = 2.19 = 19/11/21

CURRENT PRICE CLOSE 2.17

CYL = ACCUMULATION and the share price CLIMBING HIGHER to a much more respectable price IMHO has begun!


Since August 1 CYL has traded 2,430,214 shares ( I may have missed 1 or 2 days of low volume).

The SP has climbed back up from lows of 1.88 in August to our November high of 2.19 on the 19th of November, + news is pending!

This is a 31 cent, 16.4894% increase in just under 4 months, proof that upward SP momentum has Commenced!

The best thing here is that the selling volume has finally decreased and those who know the true value of CYL are understandably accumulating the stock hence who it has finally begun its strong upward traction due to less than 100m shares being available on the register!

As the volume of sales continues to dry up those investors who do understand the true value of CYL shares will continue to hold this stock and the price will properly take off upwards to old time highs and with good news it should travel well and truly to newer higher highs!



Here are just some of the Catalysts that will help the CYL's share price once again reach those old time highs and beyond!

1) 6 pending diamond drill hole results from Boyd’s Dam-Boyd North.
FEDD067+FEDD068+FEDD069+FEDD072+FEDD073 +FEDD074

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2) Continued in-mine 3x rig Diamond Drilling, surface soil sampling and 1x surface exploration Diamond Drilling at the Henty Mine in Tasmania.

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3) The commencement of the $22 million Summer Drilling Program in Victoria which began in October that consists of;

A) AC+RC+DD @ 4Eagles Project (JV with GEV) = Boyd’s Dam Gold project, Hayanmi, and Pickles Prospects.

Then in the coming weeks or so commencement of;

B) AC+RC+DD @ Tandarra Macnaughten Prospect+Tomorrow Prospect.

C) Follow-up AC drill program at Drummartin (JV with SBM) especially at Target 9.

D) Reconnoissance AC at the Boort Project (50% farm out to GEV).

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E) We can look forward to an upgraded resource at the Henty mine before June 30, 2022.

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F) The Golden Camel JV is expected to commence in Q4 of FY2022.

*Golden Camel Pty Ltd are also currently building a gold plant in Bendigo which looks to be a rather exciting possibility for early production CYL?!

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$27+ million in cash, and PLENTY more to come from the Henty Mine which should leave CYL as a bloody brilliant investment opportunity die to the fact it should no longer require any more CR and it only has 98 million shares on the registry!

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The Top 20 hold a whopping 75% which really only leaves around 25 million shares that can be bought on market!!!!




Drilling has commenced! Results are on their way! New highs will be reached once again! It truly is a Golden opportunity!!!!

GLTAH+DYOR