CAY 1.45% 6.8¢ canyon resources limited

Ann: Rail upgrades in Cameroon facilitate Minim Martap project, page-17

  1. 1,669 Posts.
    lightbulb Created with Sketch. 286
    That's still a lot of bridges and upgrades to do, but one has to hope that getting CAY into production is a key driver and the Cameroon Govt whom are not going to start receiving taxes until the wagons roll. The motivation must the there to expedite the project. Share price suddenly looking brighter but also very surprised a "to plan" progress update in the rail upgrade has caused a post CR large % ramp in price. Doesn't make sense something else at play here perhaps or just a little burst of over enthusiasm. Aluminium only back at pre-covid price and the question now is ignoring the covid v dip (Feb June), does the down trend re-emerge with longer term global pandemic effects. Still not confident of future of Aluminum. And will the eventual recovery in Aluminium price coincide with the emergence as a major supplier heading into 22-23?

 
watchlist Created with Sketch. Add CAY (ASX) to my watchlist
(20min delay)
Last
6.8¢
Change
-0.001(1.45%)
Mkt cap ! $93.46M
Open High Low Value Volume
6.9¢ 6.9¢ 6.8¢ $24.80K 359.8K

Buyers (Bids)

No. Vol. Price($)
2 128996 6.8¢
 

Sellers (Offers)

Price($) Vol. No.
6.9¢ 21125 1
View Market Depth
Last trade - 15.43pm 27/06/2024 (20 minute delay) ?
CAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.