CYL 1.69% $1.16 catalyst metals limited

Ann: Quarterly activities report, page-12

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    Fair comment and I agree however I was not really expressing myself well . My major beef is what the $169m expenditure to date (which exceeds our average market cap) is being spent on? Especially with no new mining activities occurring. This and the pessimistic ambiguous reporting together with performance share bonuses tied to cash raising has me a little on edge (read unnecessary dilution) !
 
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