OK Singelmalt apologies for the late reply (BTW I still owe you...

OK Singelmalt apologies for the late reply (BTW I still owe you an Aberlour 700ml) Re your question: Firstly, Call me cynical but why has mymillions only just recently appeared on the CYL site for the very first time with the sole objective of making a mountain out of a molehill over this notice? All just within 2 weeks of crucial takeover vote! Yet he holds no shares in CYL but professes the right to advise real holders to ‘Run’, ‘Sell’, ‘ implying the company is insolvent!’ this alone justifies why my cynicism continues unabated, maybe he holds SGI shares and/or is just the quintessential down ramper trying to get a potential multi bagger asset cheaper! Oh yes forgot the favourite; hates the old Vango with a passion because they caused global warming!

Regardless let’s stick to the facts:

Firstly, the most important one, Henty Gold Pty Ltd is a 100% owned subsidiary of Catalyst Metals Ltd that as of the end of March 2023 has over $38m in cash and cash equivalents, is therefore and obviously NOT TRADING INSOLVENT (as mymillions claims). Furthermore, unlike the bare threaded rules and regulations of the TSX which is akin to trying to pick up sand with a tennis racket ASX is more stringent. Trading insolvent on the ASX is a criminal offence. Not disclosing any material event that affects or will affect the financial performance of a company is also an offence. ASIC and the ASX regulators would have their nuts in a vice for such offences yet NO disclosures by CYL have been publicly made other than that deliberately posted by mymillions.

He is obviously young (well most people are younger than me) because if he had worked in a few accounts departments for various companies he would know that the notice of winding up is a normal and frequent tactic used by creditors to force payment. CYL may also have legitimate claims as to why the invoice(s) have not been paid. The judge will hear it all on the 23 June 2023. Regardless this does not mean an automatic wind up of Henty as mymillions is implying. The process (and the brinkmanship) will take a minimum of 18 months to resolve.

A lot of words here SM but you have captured the conclusion perfectly. This is for most companies (just research the number of companies on any day with the status “Notice of Application for Winding Up) business as usual.