CANYON RESOURCES (CAY) Shares

ABOUT CANYON RESOURCES

Canyon Resources Limited is a mining company which is focused on the exploration and development of its Minim Martap bauxite project in the Adamawa region of Cameroon, encompassing two deposits, Ngouandal and Minim Martap, with a total area of 1.349 square kilometers.

The Project is adjacent to an operating rail line with heavy ore transport capacity with a proposed extension to the Kribi deep-water port, capable of direct ship loading of Panamax size vessels. The company also holds the Birsok bauxite project in Cameroon which is adjacent to Minim Martap, comprised of two permits over 1.462 square kilometer and is located along plateaux similar to Minim Martap.

OVERVIEW OF CANYON RESOURCES

• Canyon Resources oversees a project portfolio comprising the Minim Martap project, the Birsok project, and the Burkina Faso project.

• The Minim Martap project encompasses two main deposits, Ngouandal and Minim Martap, located within 25 km of each other. The exploration permits cover a total of 1.349 square kilometers. Minim Martap is adjacent to the company’s Birsok Bauxite Project and nearby to an existing operating rail line. The company is exploring logistical options for the project, including transporting bauxite to the Kribi deepwater port. Less than 50% of the project’s bauxite plateau has been explored to date, providing potential to further grow this resource.

• In March 2018, the Kribi Deep Seaport was commissioned at Kribi on the south west coast of Cameroon. At a cost of US Dollar 1.3 billion, it is considered to be the largest port infrastructure along the West African coast and can receive two 290 meter commodity vessels at any one time.

• The company’s Birsok Project is located in central Cameroon and is contiguous to the company’s world-class high-grade Minim Martap bauxite deposit. The project is comprised of two permits over 1.462 square kilometers and is located along raised plateaux similar to the nearby Minim Martap Deposit. The project is highly prospective for high grade, low contaminant, DSO bauxite, and importantly is within 10 km of the rail line to the Kribi port facility.

• The company also operates four projects in Burkina Faso, which currently accounts for 21% of West Africa’s greenstone belt exposure, with a history of some of the world’s most productive mines.

VISION & VALUES OF CANYON RESOURCES

• Canyon Resources is committed to operating sustainably across its portfolio, ensuring that local communities benefit from these operations and that it maintains a minimal environmental impact.

• To this end, it works towards local community upliftment, with regards to job creation and to supporting local projects, while ensuring that all its operations are carried out safely and securely with full acknowledgement of sustainable best practices, to maintain an open and ethical relationship with all of its stakeholders.

MARKET PERFORMANCE OF CANYON RESOURCES

• Canyon Resources Limited trades on the Australian Securities Exchange (ASX), where investors can buy shares under the stock symbol –CAY. Data from the company’s 2019 financial analysis shows operating loss for the year ended 30 June 2019 of US Dollar 820 million. The result included the write-off of exploration and project evaluation expenditure incurred of US Dollar 219 million.

• The company recorded US Dollar 2.1 billion in cash balances. Fully Paid Ordinary Shares were issued at a price of US Dollar 0.16 per share, raising a total of US Dollar 4.0 million before costs. These funds are to be used for the development of the Minim Martap Bauxite Project and for general working capital.

• The company’s asset developments in strongly prospective deposit regions sets it in good stead to gather returns going forward, providing a rising share price for investors with good long-term growth in dividends, and securing a solid buy-in for those who choose to purchase shares today.

Buy CANYON RESOURCES stocks / shares – A Step by Step Guide how to Buy / Purchase CANYON RESOURCES Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy CANYON RESOURCES Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CANYON RESOURCES STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE CANYON RESOURCES STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CANYON RESOURCES stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

1. Is it the best time to buy this stock / share?
2. Should I buy CANYON RESOURCES stocks / shares in the current economic climate?
3. Can I afford to buy this stock / share?
4. What is the forecast of the stock / share growth?
5. What is the current price per earning ration on the stock / share?