Agree. SP now makes little difference to Barry and won't make 1 iota of difference to obtaining finance. Finance as Barry has stated with be straight debt without equity which will be equated on project valuation and economics, NOT the Market Cap. Major holders/financiers have been behind Barry and team from the get go when copper was $3.70/Lb and had no issues then. So why would they be concerned when todays copper is trading at $4.55/lb. As far as the higher interest rates are concerned I think that is applicable to every single company on the ASX now. Inflation seems to be gathering steam now, so likely higher interest rates for all players including CYM.
Let us not forget Barry is a mining engineer (with track record and experience of building mines for 30 years) and has looked into what is required for replacing the SX-EW and came up with steel not available for up to 2 years. This did not suit the timeline Barry is aiming at to start production by late 2022 or more likely early 2023. All those projects out there, wishing to start from scratch are all delayed regardless of what CEO's postulate or daydream investors yearn. Not so much an issue for CYM with majority of infrastructure already on site at Nifty.
Australian lockdown laws and closed borders have hindered many companies in the mining space either directly or indirectly plus the commodity price boom. Tons of assays for many companies weighing down the labs right now as many companies have been drilling like crazy while the prices are high. If Barry's geologists are out on site or have been recently with the drill teams it is likely the lab results are also delayed which is completely out of CYM's control. Remember you need all the results for the Restart Study to be completed.
- Forums
- ASX - By Stock
- CYM
- why CYM is a Billion $ company in the making
why CYM is a Billion $ company in the making, page-321
-
- There are more pages in this discussion • 2,785 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
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($) | Vol. | No. |
---|---|---|
3.0¢ | 595000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 236740 | 0.027 |
5 | 646999 | 0.026 |
7 | 1609201 | 0.025 |
3 | 508000 | 0.024 |
1 | 300000 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 595000 | 2 |
0.031 | 6976 | 1 |
0.032 | 300000 | 1 |
0.033 | 265548 | 2 |
0.034 | 1000000 | 1 |
Last trade - 14.36pm 13/09/2024 (20 minute delay) ? |
Featured News
CYM (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online