CY5 1.96% 5.0¢ cygnus metals limited

Ann: Maiden Resource at Pontax Project, page-16

  1. 5,173 Posts.
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    They reported what needed to be reported, for the boys to get their performance bonuses - a very simple strategy to understand, but rather obvious, and not one that imbues them to the informed retail shareholder.

    Compared to Patriot and Winsome and Allkem, they've been slow to drill, and just done enough to qualify, while sprouting about their first mover advantage.

    So where have all the drills been over the past year, maybe over at Patriot and Winsome and Allkem.
    What have these guys been doing then, except working out a reporting strategy that rewards themselves.

    This report is underwhelming, and it looks like they lowered the grade in order to report the 10mt trigger for their performance bonus qualification.

    Yes, you can call me cynical, I don't mind.

    The other cynics here may also have a point.

    Someone tell the MD to forget everything else and just drill Sakami, for goodness sake, let's just cut-to-the-chase here and stop worrying about our little performance bonus hurdles.

    Gw
 
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