On a positive note - this removes the anchor which was holding the share price down. There's no longer any uncertainty regarding finance or future raises. Only 10% of the required funding was through a capital raise - an outstanding achievement.
This is the last chance for people to buy at a discount. If you don't get your fill, then tough luck.
And we all know that with the backing of Glencore, that this is making it into production. And come production; we'll be netting $80m AUD a year at these current prices.
Considering the average PE in the metals and mining industry is 14.6... We should fetch a market capitalisation of ~ $1168m if this was applied - which is reasonable provided we have a 30 to 40 year Life of Mine including the sulphide component.
- Forums
- ASX - By Stock
- CYM
- Ann: AUD50M Secured Offtake Prepayment Facility for Nifty Copper
Ann: AUD50M Secured Offtake Prepayment Facility for Nifty Copper, page-106
-
- There are more pages in this discussion • 104 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CYM (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.6¢ |
Change
-0.001(2.70%) |
Mkt cap ! $54.93M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.6¢ | $15.41K | 427.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 415164 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 415164 | 0.036 |
4 | 1136696 | 0.035 |
7 | 1173353 | 0.034 |
6 | 2205000 | 0.033 |
3 | 306999 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 30000 | 1 |
0.039 | 472983 | 3 |
0.040 | 200 | 1 |
0.041 | 439788 | 2 |
0.042 | 1175000 | 3 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
Featured News
CYM (ASX) Chart |