Good point Triage. The board and advisors do appear somewhat overblown. Even though cash reserves are significant, costs of current acquisitions are not insubstantial, and further tenement buys and expense are possible. Exploration costs are all on CY5. Stria and their expertise are also in the mix, and they have undertaken 2 previous drill campaigns, confirmed 6%spod production, and we await results of soil sampling at Mitsumis and mag surveys of Mitsumis and Highway 351. They bring plenty of Quebec and lithium knowledge to the JV. Cash burn including corporate costs needs to be monitored closely to avoid unecessary CRs. Dilution is not a retail investors friend. I feel that rationalisation of board and management needs to be discussed. CY5 is about to roll over 4 top dogs in 2 years (Ray Shorrocks, Simon Jackson, Mike Naylor and incoming David Southam) and the management group are not adverse to restructures in their stable (CY5, BGL, AQI, AUT, BVA etc) where needed. Will put the question to management at the upcoming meeting.
CY5 Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
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