Ok, food for thought below when I went through several Ann:
Considering this is the same top 20 as HWK , I wouldn't get too excited about hardcastles appointment. They are probably just mates (Cranston / hardcastle).
Had a look at his LinkedIn - both him and Cranston studied law at University of Western Australia - probably confirms the above.
I like the sneaky gold bug reference. Now, to show a couple of comparisons (without cross promoting too much):
DDD - m/c 10 mill - 740,000 ounces ( near surface) - granted in Haiti. 1 mill cash
PGO (Cranston large s/h) - 24 mill m/c- 1.5 million ounces with 3 mill cash
NML- 17 mill m/c - next door to one of the largest and most profitable mines in the world, major s/h - Kirkland gold. Multiple high grade hits and JV with CYL.
CLY - 18 mill m/c. Historical high grade tenements. 1 mill cash.
The list goes on. So from a pure gold perspective, I'm not too impressed - granted my knowledge of this tenement isn't like @john345 and yes they are great vendors (if they do their DD).
You have to remember the Austrian licenses they missed out were touted as the next EUC - and still could be with the 172 remaining licenses - but would be a fluke if they hit anything straight up.
PS - on a pure heads perspective it looks like a low vol retrace - if this were the case though, people would realise and wouldn't dump the oppies.
From last quarter, please see below:
View attachment 867770
See the last sentence of first para starts with In addition..
Then see below:
View attachment 867776
This guy good at Cross border and domestic Transactions including JV. .A sales..Acquisitions....
So the reason he got on board could be more acquisition, JV and non core assets sales of those Cly projects...
As for the prospective of the new acquired HK project, hope CLY fellows can understand how prospective and gold poential it could bring for CLY..
View attachment 867785
"Lower Fortescue group rock, lithologies for Novo Colg nuggets, Eluvial and Alluvial gold mines, Archean lodes hosted gold minialization and VMS mineralizations. ."
What more a goldy bug can ask for?
Most importantly, exploration commenced Immediately, subject Native title clearance...
0.7c won't be resistance at all when market aware the above and when exploration start or more assets sakes news or more acquisition....
A bit patience required so let we see...
