My view is that some of these were fed CY5 jobs and oppies to get them on board with the group of companies sharing management and resources. CY5, BGL, BVR, MM1, FFM, AQI all share management and offices to various extents. The individual contribution of the large number of players to the CY5 bottom line has not been clarified. Dave has commenced a process of rationalising management costs recently (see Ann 27 March 2024Cygnus undertakes restructure tomaximise investment in exploration) but more needs to be done to assist restoration of confidence.
CY5 Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held
