CLY 0.00% 0.0¢ clancy exploration limited

Ann: Acquisition of Highly Prospective Pilbara Gold Project, page-112

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  1. 431 Posts.
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    Totally agree with you on the heads.

    However the trading on the options is a bit bemusing - no options were issued to the vendor as well. Hence it would be interesting to see where all the CLYO supply is coming from.

    Majority of the time, the options will act as a pre-cursor of the trading action (rather than the reverse).

    I agree on the potential of the tenement - others here (like myself) were in here for something bigger.

    Question is - is a $18 mill m/c justified for these historical results? $28 mill fully diluted with $7 mill cash.
 
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