Not so long ago we had cashflow of $80 to $100mil pa from Nifty and we were all excited
What's happened?
Well, not finance that's for sure
(yet) The US is in recession, it just hasn't been officially reported and that of course affects confidence, credit, etc, etc
The only reason CYM wouldn't get finance is if the project is a dud, a complete dud, a fraud, a nonsense and you'd have to add to that, confirmation that greening of the planet isn't going ahead. CYM have Nifty plus all the $'s of infrastructure that came with its purchase, then there's Maroochy and Nanadie exploration and a JV in Paterson, plus their IP and patent...has that been overstated?
There's middle ground between FOMO and Fear during times of uncertainty and CYM's finance which to my mind by running two to three weeks behind schedule isn't due until mid / late this month, that's not disaster is it?. Uncertainty, a perfect scenario for those with deep pockets to once again continue to push the share price down, you gotta hand it to them it's a thing of beauty (if you're them of course!).
We await finance
Assuming CYM gets finance it may be that the share price doesn't move until there's $/s in the bank like at Finders. I trust Baz and the team, nothing's perfect in this world but they didn't put their hand in my pocket to invest here.
