CYL 5.34% $2.17 catalyst metals limited

See Singlemalt I have ingrown toenails, but I don’t blame Bruce...

  1. 1,493 Posts.
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    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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Last
$2.17
Change
0.110(5.34%)
Mkt cap ! $489.9M
Open High Low Value Volume
$2.10 $2.18 $2.07 $835.3K 392.6K

Buyers (Bids)

No. Vol. Price($)
2 9917 $2.15
 

Sellers (Offers)

Price($) Vol. No.
$2.18 7302 2
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Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
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