CYM 2.70% 3.6¢ cyprium metals limited

Ann: AUD50M Secured Offtake Prepayment Facility for Nifty Copper, page-62

  1. 315 Posts.
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    Precisely. If these guys are worrying about CYM raising a mere $10m to $25m... They're in for a shock when HCH has to capital raise twenty fold that figure.

    I prefer CYM's approach - go into production for 25,000ktpa in 12 months time. And over the next 5 years bring on additional mines and increase capacity to 100-120,000ktpa, funding expansion through existing cash flow. This is the same sort of time frame HCH is expecting to produce 100ktpa; comparably however, it minimises share holder dilution.

    Furthermore, considering the total finance package for CYM is $240-260m; a 5% to 10% capital raise component isn't much to worry about.
    Last edited by Da12kl0rd: 28/06/22
 
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