CAY 2.06% 9.9¢ canyon resources limited

Serious comment on placement, page-19

  1. 2,536 Posts.
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    We all know that the President has been sitting on our ML for months now. Nobody knows when the old man will sign it but this can happen anytime. I am serious.

    Maybe JS is also holding hope that the ML could be signed off anytime, hence he deliberately negotiated to have the deal voted in November in order to give us 3 more months to try our luck. Surely if we have our ML, the SP will be far higher than 7c. In that case, why would shareholders approve the EEA deal?

    TBH, I am very grateful for this arrangement, especially that shareholder approval is required for all the shares and Options.
 
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