CAY canyon resources limited

1.89%

27.0¢

Some who took part in placement can request to reverse their...

First 2 Last

Share
Profile

Follow
tiptruck

695 Posts.

104

21/07/22

17:19

Post #: 62659358
Share

Originally posted by FishiesPal: ↑

Thought I'd start a new thread so we don't bombard the Infoline so to speak, in regards to the positives/negatives for voting FOR or AGAINST the options.

Besides anyone that participated in the Crap Raise, Is anyone considering voting FOR them? If so what are your reasons?

With the share price trading so close to the exercise price of 7c, even if we were still trading at 4.5c, surely even Ashanti and Fosters can see it's just a really shit deal??? Only in their favour and not necessarily in the favour of existing SH's?

If we all vote NO, and their successfully voted down, besides a few that may spit the dummy and sell, and/or may choose to not participate in any CR moving forward, what other possible repercussions could there be?

Here's a couple I can think of:

If funding/Offtakes etc is not finalised within the next 6 months, we may have to do another CR within that 6-12 month timeframe. If the options are voted through there is no guarantee they will execute and convert those options until the 2 year expiry occurs, (If we make it that far), hence none the better off?

Funds: Some funds may spit the dummy and not deal with CAY again. Or sell out. I'm thinking if the MC and ML is in, will that really matter? Surely there will be funds buying to counter any selling?

Ashanti/Fosters: As CAY derisks even further once the MC/ML is approved, will CAY be looking at a Corporate Adviser/Manager that is much BIGGER than these 2? If so, will it matter if they have their nose put out of joint?

My gut says a 2 year expiry date is far too long considering the circumstances we face. With the MC and ML expected within months, a 2 year expiry date is just rude and irrational. One would expect with these 2 milestones achieved, funds will want to buy in. ATM they can only buy on market as we don't need cash now for at least 6-12 months.
If their expiry date was reduced to 6 months I would give it the high 5 it deserves and vote Yes. No questions asked.
Or if the price of the Options was increased to 10-12 cents, with a 12 month expiry again I would vote Yes. But it's not and all indications are that they will not move on the Options.

Any other possible negatives or possible repercussions of voting these Options down? In 3 months this issue won't even be discussed, as we would have moved on and new news and noise will replace this current issue/s. Just like previous Crap Raises where we were shafted.

We only get 1 chance here so best we make the right decision now and discuss it openly so we go in with our eyes wide open and not blind sighted by people with another agenda. Having said that just coz we vote against the options, doesn't mean we will have the required numbers to vote them down successfully.

To save this post being modded by someone with another agenda, I'll add the below statement
THE ABOVE IS JUST MY OPINION AND NOT FINANCIAL ADVICE. THANKS

Expand

Some who took part in placement can request to reverse their purchase, stock can be put into trading halt or suspension as a result.
do we need this as we release mc plus more?

CAY Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

THL

Tourism Holdings says Liberation Day tariffs smashed US RV demand

AII

Inside the Depths of Panasqueira: A Legacy Carved in Rock

OSL

OncoSil wraps up recruitment for key pancreatic cancer trial

NMG

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

KGD

Kula picks up unexplored niobium play in Malawi, with surface samples logged

DMP

Is Domino's a steal after -25% plunge?

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

There are more pages in this discussion • 248 more messages in this thread...

First 2 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 27.0¢		Change 0.005(1.89%)		Mkt cap ! $478.4M

Open	High	Low	Value	Volume
26.5¢	27.0¢	26.5¢	$148.2K	558.9K

Buyers (Bids)

No.	Vol.	Price($)
2	39005	26.5¢

Sellers (Offers)

Price($)	Vol.	No.
27.0¢	126847	5

View Market Depth

No.	Vol.	Price($)
2	39005	0.265
4	940149	0.260
1	200000	0.255
4	569920	0.250
4	26000	0.245

Price($)	Vol.	No.
0.270	46847	3
0.285	55000	1
0.290	70425	3
0.295	545767	8
0.300	541566	8

Last trade - 16.10pm 04/07/2025 (20 minute delay)

CAY (ASX) Chart

Some who took part in placement can request to reverse their...

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

Tourism Holdings says Liberation Day tariffs smashed US RV demand

Inside the Depths of Panasqueira: A Legacy Carved in Rock

OncoSil wraps up recruitment for key pancreatic cancer trial

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

Kula picks up unexplored niobium play in Malawi, with surface samples logged

Is Domino's a steal after -25% plunge?

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Some who took part in placement can request to reverse their...

Top Stories

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

Tourism Holdings says Liberation Day tariffs smashed US RV demand

Inside the Depths of Panasqueira: A Legacy Carved in Rock

OncoSil wraps up recruitment for key pancreatic cancer trial

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

Kula picks up unexplored niobium play in Malawi, with surface samples logged

Is Domino's a steal after -25% plunge?

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News