This re classification for CYL by ASX from an 'Explorer' to a 'Mining' may seem to be insignificant but I assure you being an ex Company Sec it is a big deal.
Firstly you must convince ASX that you are a going concern with mine life and funding for a significant duration with appropriate mining permits in place. Secondly a lot of the super fund charters in Australia prohibit their funds being invested in 'explorer' classified companies. The next milestone is to get into $400m market cap mining classification which triggers more funding from Super funds based on their charter. Well done CYL!
This re classification for CYL by ASX from an 'Explorer' to a...
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Last
80.5¢ |
Change
-0.035(4.17%) |
Mkt cap ! $178.3M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.0¢ | 78.5¢ | $190.2K | 236.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 42784 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 5906 | 2 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
81.5¢ |
Change
-0.035 ( 3.46 %) |
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| Open | High | Low | Volume | ||
| 82.0¢ | 82.0¢ | 79.0¢ | 33596 | ||
| Last updated 15.58pm 14/05/2024 ? | |||||
| CYL (ASX) Chart |