CYL 7.18% $2.09 catalyst metals limited

Imo that super fugly CYL chart is Mr market telling us cyl...

  1. 383 Posts.
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    Imo that super fugly CYL chart is Mr market telling us cyl shareholders that dilutive secondary is on deck. CYL mgmt already state in writing in merger documents they need $50 mm or $30mm more than the $20mm equity recently raised at $1 per share. I think the business need the investment in plant and equipment now so we can produce more gold into the markets upcoming gold upward price revaluation. Imo secondary need to happen asap and be bare minimum aud$30mm but bigger secondary would be even better for business operationally. In Toronto recently, 0.357 CYL was trading at 16 cents so secondary prolly get priced around 45 cent imo. Plutonic mine operations might solve some on CYL cash need so dilution of our stake could be less if new high grade stopes come online quicker. 3 jumbo been doing development of new stopes ET geologic model discovered for about 12 months or so and imo previous mgmt at plutonic sandbagged these new stopes so as to make sure crap merger get over finish line so these previous management incometant fiduciaries get paid $5mm for destroying the business, so potentially plutonic cash flow from operations surprise everybody to upside. Market don't like legal uncertainty so another way CYL could cut costs and reduce size of secondary is by acquiring ZAG for script so as to take wasc legal uncertainty off table. ZAG got high-power shareholder who be good to have on our side going forward.
 
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Last
$2.09
Change
0.140(7.18%)
Mkt cap ! $471.8M
Open High Low Value Volume
$1.96 $2.09 $1.94 $1.829M 895.5K

Buyers (Bids)

No. Vol. Price($)
1 5163 $2.07
 

Sellers (Offers)

Price($) Vol. No.
$2.09 19727 3
View Market Depth
Last trade - 16.10pm 14/08/2024 (20 minute delay) ?
CYL (ASX) Chart
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