CYL have done extremely well by quickly raising capital in...

CYL have done extremely well by quickly raising capital in difficult times to honour a potential deal that will secure them with the ability to become a multi million ounce gold producer.

CYL have given VAN and hopefully SGI holders the best chance for them to actually mine what is probably one of the best highest grade resources in Australia once these deals are completed, just when gold prices are starting to go ballistic, and especially in Australian dollars!

Just think no more law suits between VAN + SGI and the ability to get straight into production and spend PROPER $ for a massive Exploration Program across the entire belt!

Investors who currently hold SGI should now get the BEST chance possible to actually make a REAL profit on their investment. Their dreams should now be realised. If they do not believe in the CYL story then they also have the opportunity to sell however fully diluted CYL will have around 200m shares on the books. With the extra gold belts, CYL's % increase $ take over price, and extra cash all holders should be extremely welcoming to the deal.

From what has been said on these threads it seems that SGI management wasted cash and couldn't even be bothered to properly put their own 'money where their mouth was' by properly investing in SGI?!

It seems that some investors had more confidence in SGI than even their own management did?!
Just take a look at how much $ CYL management have invested in their own company. This is a true testament about believing in their grounds and staff!

Also take a look at our biggest shareholder, Gina Rinehart. She obviously likes the look of the BIG picture!


IMHO the future looks good. For those that doubt CYL's management perhaps read up on their past work and ability to NOT dilute shareholders.

When this merger is completed and this stock can show profitable production it will then be seen for its proper intrinsic value which will be in $ multiples of the current SP.

Right now some may say short term pain for long term gain/or IMHO a great time to buy.


I am certain that CYL management will give it everything they have got to make this new junior gold company profitable and that this will guide them into becoming a future multi billion dollar gold producing company!

The future is bright!!


GLTAH+DYOR