CAY

1.28%

7.9¢ canyon resources limited

and this is what CAY will use the funds for.......Use of Funds•...

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vespasian03

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17/06/22

16:17

Post #: 62061401
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Originally posted by tiptruck: ↑

If we weren't in suspension we would have been at 5c, the market would have hit us as we had no cash

the raise was nearly at 3.5 so thank christ it was 4.5

there is certainly enough support to vote down anything over 4m though if fosters try to take overs, we don't need overs prior to convention

the bfs looks good and providing we drop to 5c on Monday we are at a 40m market cap with a good bfs and pending mining convention which is ridiculous, its nearly down at shell value for gods sake

someone's going to make some money, unfortunately those looking at 1 dollar take outs are now looking at needing a 20 bagger rather than 10x

same goes for any potential parties, it just lowers what they would offer

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and this is what CAY will use the funds for.......

Use of Funds
• Corporate Development: $1.0m
• Corporate and general working capital: $2.5m
• Drilling program (Makan and Ngaoundal): $0.5m
Investment Highlights
• Nominal production rate of 6.4Mtpa, representing a 28% increase from the PFS
• C1 operating costs US$24/t for a 51.1% , supplying some of the world's highest-grade bauxite
• Project pre-tax NPV8 of US$452m
• Project development capital of US$253m
• Strategic off-take and funding discussions advancing in parallel
• JORC Reserve of 108.91Mt at 51.1% Al2O3 and 2.0% total SiO2

CAY Price at posting: 8.7¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 7.9¢		Change 0.001(1.28%)		Mkt cap ! $108.5M

Open	High	Low	Value	Volume
7.8¢	7.9¢	7.7¢	$44.28K	567.4K

Buyers (Bids)

No.	Vol.	Price($)
1	233954	7.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.9¢	71025	1

View Market Depth

No.	Vol.	Price($)
1	235000	0.077
1	400000	0.075
1	250000	0.074
1	250000	0.073
1	100000	0.072

Price($)	Vol.	No.
0.079	71025	1
0.080	217296	5
0.081	50000	1
0.082	202000	1
0.084	134154	1

Last trade - 16.10pm 26/07/2024 (20 minute delay)

CAY (ASX) Chart

and this is what CAY will use the funds for.......Use of Funds•...

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and this is what CAY will use the funds for.......Use of Funds•...

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