Latest Opportunity stock today is Catalyst Metals (CYL), this is a gold exploration company which has recently announced a bonanza grade gold mineral deposit at its 50% JV owned Four Eagles Gold Project in Bendigo. It received a $13m cash injection from Gold Exploration Victoria. A subsidiary of Hancock Prospecting (Gina Hancock) which now owns 11% of CYL. CYL also has St Barbara as its 15% shareholder.
This is no doubt a speculative play that has great technicals at the moment and a bet on a ride with St Barbara/Hancock who presumably should know what they’re doing.
As the share float is small, given its market cap of about $150m, some demand may result in a share price spike.
