CYL 4.26% 98.0¢ catalyst metals limited

"debt overhang weighed on the share price!" don't think so, a...

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    "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!
 
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Last
98.0¢
Change
0.040(4.26%)
Mkt cap ! $217.1M
Open High Low Value Volume
98.0¢ $1.03 97.0¢ $613.1K 614.0K

Buyers (Bids)

No. Vol. Price($)
1 1492 98.0¢
 

Sellers (Offers)

Price($) Vol. No.
$1.00 27305 2
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Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
CYL (ASX) Chart
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