"debt overhang weighed on the share price!" don't think so, a $28m debt on a gold company in a historical high gold price period with announced annual production of 120,000 oz and targeting 200,000oz with a projected free cash flow of $30m quarter then a $28m debt is biscuit tin money. What's been holding us back is the lack of progress in Victoria (same old 'waiting for approval' message), high AISC (but improving) , and Henty being a dogs breakfast (but improving) and no mining on Vango tenements despite raising $22m to do so...add all this to the fact our CEO has made not one public presentation since joining, preferring to address small private groups (ironically during the last 3 weeks where our SP went from $1.19 to 93 cents) So don't get too excited that a daily SP goes up 7% to $1.00 ...long termers are down from $3+ in the last 4 years. As stated we are down from $1.19 just from two plus weeks ago. Our SGI and VAN T/O price was $1.25. The CR raising of $22m was at a $1.00 (a 7% rise gets us to breakeven) all for a company that ALL of us agree is massively undervalued to our peers. James quotes EMR as a direct peer company to CYL and rightly so: Same production and reserve figures slightly better AISC but has a market cap of $2.3 BILLION! Conclusion: OUR MARKETING SUCKS!
- Forums
- ASX - By Stock
- CYL
- Ann: Catalyst reduces debt and strengthens balance sheet
Ann: Catalyst reduces debt and strengthens balance sheet, page-9
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CYL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.78 |
Change
0.000(0.00%) |
Mkt cap ! $627.6M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 238 | $2.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.74 | 1506 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4698 | 2.720 |
1 | 1000 | 2.710 |
1 | 2824 | 2.700 |
1 | 10000 | 2.690 |
1 | 10000 | 2.680 |
Price($) | Vol. | No. |
---|---|---|
2.810 | 2500 | 1 |
2.820 | 10000 | 1 |
2.830 | 8000 | 2 |
2.840 | 10000 | 1 |
2.850 | 26130 | 4 |
Last trade - 09.44am 30/09/2024 (20 minute delay) ? |
Featured News
CYL (ASX) Chart |
Day chart unavailable