CAY 2.60% 7.5¢ canyon resources limited

Serious comment on placement

  1. 630 Posts.
    lightbulb Created with Sketch. 80
    Righto, I know some blokes get upset by my posts, remember I've been in this dog years and tipped in millions based on dollar by xmas 2017, 2018, 2019 etc
    signing ceremony booked multiple times over the years etc, enough to make anyone crazy
    this dog has been destroyer of lives and marriages

    anyway, the positive from today is these guys want the asset and will tip in, they are close to the story, meet the ministry etc so know what's happening

    so the takeout is that the likelihood of a eventual mining permit just went up significantly, I'd say to likely

    the outcome is the opportunity to get out of this thing for 20 to 30c just went up massively

    the downside is huge dilution and all control with these guys

    outcome being the dollar a share dreams are gone but the get out for 20 or 30 are good

    I speak for a lot of people that we'd take 25 today in a flash

    so I'm happy, my dreams of a dollar were long gone but I was worried 5c was a possibility, so I'm very happy that 20 plus is likely
 
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