Ann: Trading Halt, page-176

exactly.

I can tell you there are a number of large Cxo/ex-Cxo holders (who were in Cxo from the 4 cent days) whom have jumped into CYM, as we believe CYM could very well emulate what CXO did, and where copper price and demand could spike dramatically this decade just like lithium price and demand in the last few years.

A Cxo history lesson:

* on Feb 4 2021 CXO did a $40mil placement, which when accounting for both shares and options was equal to 24% dilution, and where the placement price (25 cents) was at a 28.5% discount to the last traded price (35 cents). Punters sold the stock down, and the SP wouldn’t make its way back to 35c until 6th August 2021. What this raise did was allow Cxo to drill, upgrade its DFS and ore reserves, and allowed them to release a scoping study of 10 year mine life (the updated DFS, ore reserves and scoping study all came out on 26/7/21).

* on 9th Aug 2021 CXO undertook a transformative equity raise including an equity placement with a new offtake partner (Ganfeng). This raise allowed Cxo to be fully funded for their mine. The equity raise resulted in 37.5% dilution, and was at a 16% discount to last traded price (last traded price was 36c, placement price was 31c). The share price got sold down to the placement price on 20 Aug 2021, but by 14 Sept the final churn through the mid 30’s was complete and the SP never looked back from there. 7 weeks after this transformative equity raise CXO made FID. And as many would know, the CXO SP would climb to as high as $1.88.

Those whom held all the way from 4 cents were up 4,700%, those whom got shares in the feb 2021 placement were up as much as 750%, and those whom got shares in the transformative equity raise in Aug 2021 were up as much as 600%. CXO would go from a $30mil MC company in Aug 2020 to a $275mil MC in Aug 2021 to as high as over $2.5 billion MC just 3 months ago (this is the FID to production re-rate I have been talking about. As we see above, CXO MC increased 10x during this 12-13 month period).

You could say CXO did it the hard way with all that dilution (and yes: all the doom and gloomers, downrampers, naysayers were on the Cxo forum, criticising the dilution, the deals etc…yet all would be proved wrong).

And now we have CYM, whom as you say are about to raise 2-3x it’s current MC, with very minimal dilution to shareholders (which means less churn required before next leg up), at what looks to be at a discount not as bad as what Cxo went through, which will all result in CYM being fully funded, making FID, going mining, resulting in the CYM SP going through that goldilocks period of post finance/FID to production.

I will look to participate in any raise, if the stock does get dumped when trading resumes I will buy up what I can, because myself and the other large CXO/ex CXO holders in this stock think we know what’s coming. We are looking for the next Cxo. We may have found it.

all IMO

GLTAH