It's no puzzle why the vast majority of SGI posters are against the CYL takeover.
SGI's April production was 5818oz, or 17.5k oz on a quarterly basis. At A$2950/oz, that's A$9.1 million higher revenue. Q2 gold price was A$200-300 higher, for approx $3.6 million additional revenue on the remaining 14.4k of production, or $12.7 million in additional revenue, over Q1.
Why would we want to join a weak business like CYL? Yes, Whitelaw has good drill results. Strong marks for CYL geology. But IMO CYL can't run a business (for illustration, see CYL share price chart over past three years, or CYL's latest quarterly, with A$2763/oz AISC and two stope failures).
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