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6.06%

7.0¢ cygnus metals limited

Ann: Spectacular rock chip results up to 6.6% Li2O from Pegasus, page-18

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flight996

487 Posts.

126

29/11/23

13:19

Post #: 71168744
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Originally posted by Gwaihir: ↑

Strange that AX8 is up 40% on 7 rock chip samples, compared to the 12 high-grade samples from CY5, most of which were of higher value. This market is an intriguing beast. It can also be quite unforgiving.

The best thing to do seems to be simply report results in a strait forward manner, and forget about using the old hyperbolic terminology like "spectacular", because this is a skeptical and better educated investment market now, compared to the old days, and hyperbole seems more likely to raise a red-flag with educated investment people these days. I'm hoping that management here learn from this, because the results so far have been quite good, though I'm expecting Sakami to be even better.

It sure is getting cold up there now, and I'm not sure how this affects the drilling and exploration, some companies seem to prefer exploration in the Winter months, I suppose because the ground is solid and not watery.

Keep warm, and keep drilling, the projects are progressing.
Presenting at North American conferences may drum up a bit more interest, as might a listing on the TSX-V.

Gw

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And CY5 has only half the shares on issue: AX8 379m versus CY5 183m.

Cheers
F

CY5 Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.0¢		Change 0.004(6.06%)		Mkt cap ! $25.68M

Open	High	Low	Value	Volume
6.6¢	7.4¢	6.6¢	$40.98K	578.6K

Buyers (Bids)

No.	Vol.	Price($)
1	421	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.5¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	421	0.070
1	21987	0.063
2	198758	0.062
2	4000	0.061
2	102241	0.058

Price($)	Vol.	No.
0.075	50000	1
0.090	11111	1
0.095	10000	1
0.105	112667	2
0.115	100000	1

Last trade - 16.10pm 02/09/2024 (20 minute delay)

CY5 (ASX) Chart