CYL - Catalyst Metals

[bvbfan]

Fully diluted about 30million shares, market cap $7.5mill

$2.9million in cash at end of Dec 06

$4.6million for the moly project and now Uranium potential looks pretty attractive to me


I hold CYLO

 

[exberliner1]

23mn shares so mkt cap atm....5.8mn

or quoted 16.8mn 4.3mn

cheapest u play in town...

this should fly after lunch when people notice.

U and MO + the MO results were pretty good as well

EB

 

[YOUNG_TRADER]

Reminds me of BCN, alot

Very tight share structure, very very very tight share registry, good results that have been overlooked by the mkt


From the ann "The cummulative length of Uranium anamolies identified to date by Catalyst totals 50kms"

 

[dubiousinfo]

CYL put out a great announcement with actual driliing results confirming moly and starting a scoping study, but the share price goes down.

Then they announce some rock chip samples with uranium (no drilling) and the share price goes up 35%.

 

[YOUNG_TRADER]

Far too many stale bulls waiting for slightest bit of action and volume to dump,

CYL will have its day

 

[Rough&Ready]

Posted some more results today on their website/ASX,may start to come back.Still holding the opies @ 8.5c so can't complain to much

 

[YOUNG_TRADER]

Some buy depth has been builiding above 19c, about 500k.

 

[Disco Stu]

There has been increasing volume and price the last couple of days. Will be interesting to see if there is some positive news imminent.

 

[j4mesa]

CYL has not got any news up until now.....

YT n Kennas,
when is the next drilling results updated to us ?

 

[YOUNG_TRADER]

Hey James,

They should have begun drilling etc in April, so either they have failed to keep mkt informed, I doubt it

Or they're drilling program has been really really delayed

Either way, CYL, is like HLX or so many others I have, its a great story which is cheap as chips and sometime in the future will be re-rated accordingly so its a hold and wait

Its my prefered Spec Moly exposure

 

[j4mesa]

hmmm, yes they should have informed us......

YT, I appreciate your quick responses towards this thing

 

[YOUNG_TRADER]

Hey James,

They should have begun drilling etc in April, so either they have failed to keep mkt informed, I doubt it

Or they're drilling program has been really really delayed

Either way, CYL, is like HLX or so many others I have, its a great story which is cheap as chips and sometime in the future will be re-rated accordingly so its a hold and wait

Its my prefered Spec Moly exposure

Very interesting to note that Nathan Bruce MacMahon (man behind CAZ, also BMN) is applying to become a director of the Company, I wonder with him at the helm if CYL's fortunes will improve

 

[ta2693]

It is Indeed a interesting share from my point of view.
Small cap
world class Mo resource
good management team
YT endorse
Very firm bottom which limit the risk of loss
I am in at 6c with cylo.

 

[KIWIKARLOS]

Had a look through their activities report, found alot on the uranium prospects which they appear to have identified targets and will start drill perhapes Q4 2007?

Wondering if anyone can shed some light on the MOly potential, is it a deposit that is associated with a uranium target or a seperate resource area.
Couldn't find any news on the drilling of this Moly target either have they started drilling or simply indentified targets.

 

[moses]

Golly, CYL is up 56% this afternoon. No news of course. Curious. The Neilson SMA chart shows a pretty spectacular buying pressure, although its been a pretty thinly traded stock. DYOR, but its about time this stock got a move on!

 

[Sley]

I noticed this thread hasnt been updated in a while, just wondering any big news on this company recently?

 

[dubiousinfo]

I noticed this thread hasnt been updated in a while, just wondering any big news on this company recently?

I'm not sure about this one at the moment.

The company initially had three directors, Messrs Dawson, Malone, and Thompson.

An in house scoping study was conducted on the Minnie Springs moly deposit during the June Quarter.

From the results of the scoping study, it seems that 2 of the board members, Dawson and Malone, did not believe the moly deposit would be economical and did not wish to proceed with further drilling for moly. They wanted to concentrate on drilling for uranium as well as looking for new greenfield opportunities.

Thompson however, along with 2 of the founding shareholders (Dixon and McMahon), thought the Minnie Springs Moly deposit was under drilled and under explored.

On 7 May, the board removed Thompson as Exploration Manager but he remained a director. In June, John Jordon was appointed as the new Exploration Manager.

On 29 May, the board appointed Malcolm Carson to the board. Carson was also the Chief Geologist and Project Manager for Cudeco Ltd.

The next day, Messrs Thompson, Dixon and McMahon promptly called for a general meeting to dump Dawson & Malone from the board, appoint Dixon and McMahon as directors and retain Thompson.

Due to legal threats, the current board was unable to appoint a drilling contractor until the meeting was held on 27 July, hence the delay to drilling discussed in previous posts.

So going in to the meeting the board consisted of Dawson, Malone, Carson and Thompson.

At the meeting, the incumbents Dawson and Malone were voted out and founding shareholders Dixon and McMahon were voted in. Thompson and Carson remained directors.

A further meeting was also set down for 24 August with a view to remove Carson from the board. However, Carson resigned just prior to the meeting being held.

So the current board is Dixon, McMahon and Thompson.

There has been no mention of John Jordon's services being terminated and I assume he is still the Exploration Manager.

Ex directors Dawson and Malone remain major shareholders.

Dawson and Malone are both geologists and are of the opinion that the Minnie Springs moly is not likely to be economical. The current directors Dixon, McMahon and Thompson are not geo’s and think it is.

Interesting times.

 

[Sean K]

Golly, this is in the dog house.

MC is rapidly dwindling to almost meet the cash on hand leaving no value to Minnie Springs...How bizaar.

23m ordinary shares @ 16c = $3.68m
Incentive shares = 8m
Listed options = 11m
Fully diluted = $6.78m
With about $2.5m in the kitty.

Nathan McMahon (BMN) on the board now which seems a plus.

It seems like MS might have some minerals under it. The Mo is at a reasonable grade, but not fantastic. The Re looks to be the real value.

Drilling results:

At Minnie Springs rhenium averages 0.34g/t Re over all the significant molybdenum intercepts, and up to 1.70g/t Re from a molybdenum intercept of 4 metres from 24m depth at 3305ppm Mo (0.551%MoS2) in MRC10.

Significant rhenium intersections with molybdenum included:

• 26 metres at 0.51g/t Re with 1022ppm Mo (0.170% MoS2) and 0.03% Cu from 20 metres depth MRC10

• 18 metres at 0.42g/t Re with 910ppm Mo (0.152% MoS2) and 0.04% Cu from 32 metres depth MRC8

• 14 metres at 0.31g/t Re with 1082ppm Mo (0.180% MoS2) and 0.07% Cu from 20 metres depth MRC7

MC of $3.68m

 

[Sean K]

23m ordinary shares @ 11.5c = $2.64m
Incentive shares = 8m
Listed options = 11m
Fully diluted = $4.83m

At the end of last quarter had $2.5m in the bank...

What the heck is this company doing?

 

[Sean K]

23m ordinary shares @ 11.5c = $2.64m
Incentive shares = 8m
Listed options = 11m
Fully diluted = $4.83m

At the end of last quarter had $2.5m in the bank...

What the heck is this company doing?

I still haven't made an investment in this mob, I'm posting on it more out of curiosity really to see if a company with such a low MC, and doing SFA, can turn themselves around.

Seems they've found a project to work on in NE Vic:

CATALYST EARNS INTO SIGNIFICANT MOLYBDENUM PROJECT

• Right to earn 90% of Everton Molybdenum Project
• Historic production of 20,000 tons at 1.4% MoS2
• Molybdenum field with exploratory workings over 4.5 km strike
• 127 km² of Project area
• Limited modern exploration

Moly in Victoria??

Anyway, has really given the sp a boost...off another 15% to 11 cents. And look at all those buyers lining up...LOL