See Singlemalt I have ingrown toenails, but I don’t blame Bruce Kay for it! so in reference to Henty I will concede I know little about its operations other than it has from my little research a production and environmental problem not a geological one. So, in my view Kay is not to blame, but James needs to be held to account and sort it all out.
But more importantly what I have observed overall is that the demise in CYL share price over the last 6 weeks can be solely attributed (ironically) to SGI and its whining shareholders who coincidently lead much of the naysayer pack. I have previously made the same comments and observations re SGI as DANNY. CYL paid way too much for a company massively in debt and near bankruptcy. I calculated $40m too much several months ago which is very close to MC loss from the 1st of July 2023. I was convinced by CYL that this was preferable than to wait up to 1.5 years to sort and purchase the assets from a liquidator and that any hit to the share price will be short term as we turn Plutonic back to a 80,000 to 100,000oz annualised production run without Marymia. In addition, the upgrade to Trident, DFS and planning approvals would be forthcoming before Christmas. And let’s not forget about Bendigo. So, I am prepared to wait another 6 weeks given that both SGI and VAN had 6 years.
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See Singlemalt I have ingrown toenails, but I don’t blame Bruce...
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1 | 2370 | 2.110 |
2 | 8381 | 2.090 |
1 | 7000 | 2.070 |
1 | 15366 | 2.060 |
Price($) | Vol. | No. |
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2.180 | 7302 | 2 |
2.190 | 4618 | 1 |
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