Self funding plutonic east and trident is very defensive move. Management protect our equity by growing business in this slow conservative manner. Victoria Gold used lots of creative financing with France Nevada etc. to fund mine development. Victoria gold sold forward gold bullion and just like harte gold, one hiccup in mine operations and lenders put Victoria gold in bankruptcy so as to grab the mine, just like Harte. By self funding plutonic east and trident, and not engaging in any more forward sales of gold, cyl eliminate huge risk to current cyl equity.
Ann: Catalyst to self-fund Plutonic East restart, page-48
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Last
$1.62 |
Change
0.050(3.18%) |
Mkt cap ! $363.8M | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.67 | $1.46 | $1.461M | 930.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3008 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 9823 | 1 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| CYL (ASX) Chart |