CAY 7.35% 7.3¢ canyon resources limited

Ann: Minim Martap Bauxite Project Site Visit, page-10

  1. 6,005 Posts.
    lightbulb Created with Sketch. 244
    It's hardly just a site visit and agree its not going to send the price rocketing but relative to the volume and price movement of today it's a sure sign the retail market is completely blind to this one. However thus saying that there has been many a stock rocketing on less news.

    It's clearly evident that the feasibility study will detail an economically robust project. The sophisticated money knows that, however most abide by a risk mandate and won't touch it before it's released.

    So I have no doubt this thing will move after the release.

    When the price does move on the back of the release it will naturally help promote it. When the price moves through the $100mil market cap and holds you'll see a next level of fund money move into it.

    It's the buying action of these guys that will wake up the broader retail market.

    IMO we won't see ore exported out of Kribi because a major will snap it up.

    The next 12 month for this thing IMO will be very unlike the last.



 
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