CY5 cygnus metals limited
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Here's the problem. Too many mates drawing from the company....

  1. red-frog
    2,665 Posts.
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    16/04/24
    17:04
    Post #: 73372169
    Here's the problem. Too many mates drawing from the company. $13m cash at the end of Sept and now around $6m in the bank. What value have shareholders gained for the $7m of expenditure?

    Taking advantage of a beaten down sp isn't helping shareholders. Cutting the deadwood is much more effective and immediate.
    https://hotcopper.com.au/data/attachments/6105/6105972-510468a11d735e96c55db7aad591d2ef.jpg
    CY5 Price at posting: 8.2¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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9.4¢ 		Change
-0.003(3.09%) 		Mkt cap ! $80.85M
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Last trade - 11.49am 16/06/2025 (20 minute delay) ?
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