Comments on the Rare Earth project. They need new leadership and...

Comments on the Rare Earth project.

They need new leadership and executive management here, someone who will devote 110% of his time to CY5, and who doesn't have a rapacious lifestyle perspective on small cap ASX listed resource companies, someone who won't plunder mum and dad investors for their hard earned working salaries, but instead is willing to give them respect and 110% of his time.

How can the management here keep abreast of the incredibly rapidly developing technology and business processes happening in both the Lithium and Rare Earth space if the CEO here is hiring himself out to be the major private consultant to other companies? This smacks of duplicity.

In 2026 Iluka Resources will have one of the only Rare Earths processing facilities outside of China, right here in Western Australia. They have a $1.5 billion government loan to build it.

Why isn't CY5 already positioning themselves ahead-of-the-game at exploiting this opportunity?

Why hasn't the leadership here already released an announcement for shareholders saying they have been in recent discussions with Iluka Resources?

Probably (and possibly) because the CEO here is spending much of his time working for other companies as their major consultant. And who is paying him for that time, is it both CY5 and the other company at the same time? What would shareholders here think of that? For instance, Auteco is showing his photo and pumping his profile on their web site as their major consultant. Who the hell is this guy really working for?

It's time that any real and committed MD here struck a deal with Iluka Resources, and focused himself back onto CY5 and the rare earths opportunity.

It's time CY5 had high-level senior business executive meetings with Iluka Resources, and then, in co-operation with Iluka Resources, spun out the CY5 rare earths project into a separate company, and allowed Iluka Resources to take 19.9% of a shareholding in the new rare earths company. It's time a committed CEO here worked toward getting these agreements.

Of course, shareholders should also receive FREE in-specie distributions of shares in a new rare earths company.

What the hell is this management doing?
Why are they using consultants to do all their work?
Why are they NOT spending 110% of their time working for CY5?
Why are they hiring themselves out as senior consultants to other companies, mostly companies run by their former associates, and so (probably) their friends?

Why are they wasting our time here, by using one (1) drill rig in Canada when other companies like Patriot are using eight (8) and are really committed to fast exploration and development?

Are the CY5 shareholders, the hard working moms and dads, actually paying a portion of their wages here as investment, to a part-time lifestyle gig being run here by executive directors?

When will the shareholders get an announcement that they NOW have executive management devoted 110% of it's time to CY5, and that CY5 has already held discussions with Iluka Resources regarding the CY5 rare earths project?

This is a time of Great Opportunity in the Lithium and Rare Earths space, only fools would waste it, and only fools and charlatans and confidence-tricksters would try and grift their supporters and benefactors.

Gw