CY5 0.00% 5.4¢ cygnus metals limited

Fantastic round-up as always malibu, many thanks.Just on your...

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    Fantastic round-up as always malibu, many thanks.

    Just on your bit about Lithium Universe (LU7) and all the big talk from someone called Iggy. Surely that's not the same Iggy that is the MD at Altech Batteries is it? If it is then Iggy is, it seems to me, without shame. In an Altech presentation he gave last week this is a screenshot of how he was painting lithium batteries

    https://www.you tube.com/watch?v=2Q3aHPtXt90

    https://hotcopper.com.au/data/attachments/5572/5572849-b010051f452ffad9d70b40e4ff53f236.jpg

    And these are the advantages of the alternative battery technology that Iggy was promoting with his Altech hat on.

    https://hotcopper.com.au/data/attachments/5572/5572853-53c2229c834f80ae7cded9583b8564ab.jpg

    But as Chair of LU7 Iggy has magnanimously offered to "consider the possibility" of building a lithium concentrator out the back of whoop whoop for his competitors to use. Presumably Iggy from LU7 sees a future for lithium even though Iggy from ATC can only see the evil of lithium. It seems that Iggy wants to be all things to all investors. As I said, in my view, totally shameless.

    On Cygnus, I missed all the governance stuff, thanks for the update. Looking forward to updates on Auclair but I still can't see Pontax doing anything in the near term to lift the CY5 share price. I think any lift will be from Auclair. And I agree with you about the market in general.

    Finally, here's something random for you, malibu. There's a tiny WA gold explorer I have been following for some time as a gold play, Torque Metals (ASX:TOR). It had been idling for a while with a market cap of about $12m. Last week it announced it had options to buy a couple of tenements only 600 metres from a working lithium mine and concentrator. The two tenements have spodumene outcrops, already are covered by mining leases and the company will kick off a 2,000 metre drilling campaign by the end of September (no rock chips, straight in with the drill bit). The market cap has jumped to $34m already and may well keep popping when they start reporting visuals from the drilling. I think it will be a good test of how responsive punters are to a good news story based in WA rather than Quebec.
 
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