Very very strong update. Two Open pits being readied for future production, development capex paid for with mine operating profits. Junior execute this plan and junior shareholders gonna make some nice coin going forward. Open pit at Trident and open pit at plutonic east to feed hungry mills, increasing gold recoveries and crushing aisc. Will feed from these two self funded pits when added to muck from plutonic underground be enough muck to fill 1st mill to 1,.8 mmt/yr? Since Junior paid off $28mm in debt on 2024, cyl got $28mm extra dollars in 2025. Do cyl use this extra $28mm to pay 3cent dividend to shareholders quarterly, or put that $28mm toward restarting 2d mill at plutonic asap so cyl can process 3mmt muck per year? Imo the 3 cent quarterly dividend is way to go because cyl having to pay shareholders lots of cash every quarter will focus the minds of management on running a profitable business consistently quarter in and quarter out.
Very very strong update. Two Open pits being readied for future...
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Last
$1.15 |
Change
-0.035(2.97%) |
Mkt cap ! $257.1M | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.17 | $1.14 | $123.7K | 107.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 32302 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 5520 | 5 |
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| Last trade - 13.24pm 09/07/2024 (20 minute delay) ? |
| CYL (ASX) Chart |