What an anti-climax! Really, was it ever a difficult or big decision to make? Take the one and only offer from CYL or accept bankruptcy!? Hmm let me think!
Oh well welcome to all newbies to CYL. We encourage you all to post here on HC, where you will find (mainly) a lot of civil, rational, and informative opinions and comments. Just be aware of the 2 or 3 naysayers who will continue as they have over the last 6 years to engage in fear porn with unsubstantiated and irrational rants that has puzzled most holders as to what their true motives may be. The naysayers are easy to pick; emotionally based, personal insults aplenty, rarely reference source and/or at best cherry pick sentences out of context and/or time. But their main give away is their
woeful predictions which have bitten the dust time and time again (13/13 last count, all wrong). For example, the latest being the alleged insolvency and liquidation fear sledge on Henty Gold Pty Ltd (100% owned subsidiary of CYL) ..’run, sell, insolvent, going broke etc’ was the continued catch cry, despite a written reference to the contrary by the CFO of CYL and the Henty court hearing outcome on 23/6; In short; no insolvency, no winding up, no liquidation, no fines but just a creditors dispute going through a business-as-usual process (just like the CFO said). Hint: the ‘ignore’ function on HC is great.
But let us conclude on a positive note. We look forward to the next 12 months of consolidation, expansion, and excitement (read improved share price) as CYL’s operational and marketing machine goes into overdrive. With the financial backing and industry knowledge of two of Australia’s largest family mining dynasties; Rinehart, and Champion de Crespigny, CYL is well on its way to becoming a mining house of substance and significance. CYL is not a one trick pony with current and potential multiple income producing assets with tremendous upside from well proven historical super gold mines spread throughout Australia. It is also recommended to research CYL’s legendary Geo, Bruce Kay. My final take having over 19 years of exposure to the Marymia region and contracting/dealings/understanding with VAN/SGI together with reports like the MST Access independent research paper published in June 2023 (which does not include the synergies or acquisition value of SGI,) is as you would expect, extremely bullish. The MST Access research report that includes mainly CYL’s Victorian and Tasmanian assets has a
target price of $2.66 (not including SGI T/0). Therefore, IMO and if the stock market gods are kind, I believe CYL will exceed this price and a rerating of an >$800m market cap within 12 months is doable.
So welcome and GLTA. As always please DYOR as opinions may vary due to your own analysis of the data.
https://www.mstaccess.com.au 16 June 2023 Research Notes. Should be a free sign up.