PLS 12% is high for an Australian company mining on Australian soil. I can understand AR1's interest rate at 15%, due to the short LOM, Cu price and other external factors because there is risk involved. AR1 even hedged 30% of their copper production recently.
I was alerted to this company recently.
This company mines gold in Burkina Faso, a country in West Africa where this small country has issues with terrorists. So there is a reasonably high risk with sovereign risk as a factor. Finance for Gold comes at a low interest rate, as is copper, with Australia low being sovereign risk.
If CYM can't do as well as this or close to it, we need better management with some serious negotiating skills.
why CYM is a Billion $ company in the making, page-2125
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Last
2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $42.72M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.8¢ | $6.086K | 216.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 236740 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 595000 | 2 |
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| Last trade - 14.36pm 13/09/2024 (20 minute delay) ? |
| CYM (ASX) Chart |