CYL 1.50% $1.97 catalyst metals limited

Ann: Improved operating results at Plutonic mine, page-39

  1. 1,476 Posts.
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    JB, for your own sanity and health rjb67 is right IMO you really need to move on ...... You learn from history, don't run foul of living in it..as Charles Birch once said: "those who dwell in the past and fear the future, will miss the present"..particularly when you have a such a distorted victim full view of the past. Please look at the detail in the recent CYL Annual Financial Report : 100% of VAN debt = $12m , 100% of SGI debt = $88m. SGI were trading insolvent 9 months ago 'No merger" = bankruptcy, so SGI couldn't afford (hard to do so in administration) to fund their 40% 'court win' of Marymia regardless CYL would have appealed if the merger did not go ahead. Why do you think 94% of SGI shareholders voted for the T/O? This really puts a different slant on your "No merger and superior own 60% of Marymia but CYL got 100% of vango debt?"

    So history tells us that CYL has successfully merged SGI and VAN. CYL made this 6 year wait happen in 6 months!

    Presently CYL are producing a combined 100,000oz with circa $48m profit annually before high grade (mining approved) Trident kicks in! More to come according to CYL with an upgrade of Marymia and Bendigo JORC. Henty is unknown so one has to be pessimistic when factoring in valuations. So lets look at the up and coming September quarterly to evaluate the present and the future. This would be worth discussing !
 
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