If, by chance, one of the main conditions to receive a land parcel next door to Fosterville in the upcoming land tender was perhaps based on companies being able to prove to the Victorian Government that they "can" actually run a gold mine whilst also being able to truly and financially afford to properly take on such a major exploration project, then CYL has certainly proven that it can!
Well done to management and the CYL team!!
Is this why the Victorian tender has taken so much longer than previously expected?
It is interesting to also see that NML have suddenly dived into buying a gold mine to help fund its future exploration activities from producing gold...
Now all we have to do is 'wait and see'. Apparently the announcement is in early November!?!
Either way the Henty Mine purchase certainly is a financial win for management and all CYL shareholders!!
GLTAH+DYOR
Ann: Henty Gold Mine delivers to plan, page-3
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Last
$2.17 |
Change
0.010(0.46%) |
Mkt cap ! $489.9M | |||
| Open | High | Low | Value | Volume |
| $2.14 | $2.22 | $2.06 | $1.213M | 563.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1633 | $2.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.18 | 2800 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| CYL (ASX) Chart |