CYL 6.25% $2.72 catalyst metals limited

Ann: Observations on gold mineralisation at Four , page-2

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  1. 748 Posts.
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    re: Ann: Observations on gold mineralisation ... These people crack me up. First they enter into an agreement to acquire a gold plant, WITHOUT even having a defined measured minable reserve, now they are telling the market that the plant may not suit the gold mineralisation present. However, alls not lost as they include the words “but it is possible that a combination of gravity and Carbon-in-Pulp (“CIP”) may be more suitable”. Nice get out of jail card, but I believe that we’ll soon see them trying to get out of the Unity plant, as even on care and maintenance, they’re expensive to up keep, let alone think how long it will be, if ever, they prove a minable deposit at Four Eagles.

    Come on, you’ve given yourself pay rises and this is all you can come up with! Disappointing! Unfortunately CYL’s market spread doesn’t seem to hold them accountable. Unless the can prove something this field season, there’s little chance of continuing support. They’ll need to raise more money to do any drilling and to keep the doors open. Certainly interesting times for CYL ahead.
 
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