CR at 3.5c and we are now at 6.3c. Trying to figure this out coz lets face it, its abnormal these days on the ASX. Not unheard of, but certainly anomolous. Either the CR was badly mispriced by management as it was done at a very significant discount given the current share price rise immediately after it, or as some suggest, it might be being set-up for a dump when the new shares are issued on Friday. If on Friday there is a dump and the price retreats I will definitely top-up. I assume by now the company would have people on-site doing preparatory work prior to the drilling and gathering visual data as well I assume as having a portable LIBS on site for more spot checking of lithium contents on exposed spodumene zones. Past photos showed some seriously large spod crystals, thats a positive. At the moment I rank CY5 as one of the best risk/rewards in the lithium space especially as still a small market cap even after the CR.
CY5 Price at posting:
6.3¢ Sentiment: Hold Disclosure: Held
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