Not a lot new in todays announcement, they have updated the JORC Code (2004) to (2012)
still the same resource figure.
I believe this was factored in after the 9th August Ann hence the rise in price. Now the players are taking their profits!
Next news should be the long awaited Government sign off. I would not think the Gov would grant them exploration permits for a new lease if they were not going to approve CAY's proposal to develop a DSO bauxite mining and export operation.
The company has done all the community relations stuff, local water bores for villages, road construction, employment etc so now we wait for the wheels of government to turn ever so slowly.
Just hope they don't rely on their 6 wheeled Land Cruiser ute drilling rig to drill all the new holes!
Been in CAY from the early days and happy to watch and accumulate.
YB
Not a lot new in todays announcement, they have updated the JORC...
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16.5¢ |
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Mkt cap ! $127.2M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 17.0¢ | 15.0¢ | $624.9K | 3.970M |
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| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 585778 | 3 |
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