Ann: Share Placement, page-19

AUT is a better investment in some ways, because they have an excellent project.

CY5 is a better punt if you follow this team and you have a high tolerance for risk. The hope (clearly shared by some people, hence the SP action) is that there's an AUT-like project in the mix somewhere, and CY5 develops into an investment of that quality. The risk is the cost of getting in cheap and maximising your upside.

It'll be a bumpy ride (I got in at 21.5c, rode down to 15.5c, currently 24c), but there's a decent probability in my mind that something will be announced that will be a game changer.

I also think that these guys may be uniquely positioned to have access to Pickle Crow style projects. Look at the value that they have delivered in quick time to the original holder of those tenements, who still have 20% of it. Other companies looking to unlock value of unloved tenements may well go to Shorrocks and co.

DYOR and GLTAH