Ann: Annual Report to shareholders, page-3

In for a smallish punt this week based on my own research but more on my own speculation which could be totally wrong but i believe it lol.

In the annual report David Lenigas stated that the Leogang project was the trigger for him agreeing to join the CLY board.

There were pictures of him exploring the old mines and he was excited and talking of big opprtunities for Co and Ni on Europe's doorstep.

Then everyone knows what happens.

Given his successful business history, the slap in the face the whole fiasco must have been to him and his reputation, the fact that Cadence didn't pull out, the fact that CLY have $1.27M in cash and approx $740K in Cadence shares to hit the next qtrly it is not unfeasible to think that he is waving cash to get licences over the historic mines.

Happy to wait and see what happens here. At .005 there's a lot of upside