CYM announced the AUD50m prepayment and 100% of stage 1 offtake on the 27th June.
The average copper price for the month prior to this announcement was around 4.15 USD/lb, you would assume Glencore were comfortable with 4.15 USD/lb, the current copper price, not considering the AUD is only 6% off this 4.15 USD/lb mark.
Thankfully Bazz is out there letting the market know all the facts about Nifty phase 1 and when the cathode buyers are happy to pay the incentive price for copper of around 4.15 USD/lb us shareholders will be duly rewarded for our patience.
With current record low world wide copper stocks and declining copper production and increasing copper demand, I am happy to join the queue of patient CYM shareholders for a few more months.
GLTAH
- Forums
- ASX - By Stock
- CYM
- why CYM is a Billion $ company in the making
why CYM is a Billion $ company in the making, page-2477
-
- There are more pages in this discussion • 629 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
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.46M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.5¢ | $29.91K | 825.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 77732 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 170421 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 77732 | 0.035 |
3 | 318409 | 0.033 |
3 | 1343780 | 0.032 |
1 | 5000 | 0.031 |
4 | 333300 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 170421 | 3 |
0.038 | 721845 | 3 |
0.039 | 640000 | 2 |
0.040 | 451062 | 2 |
0.041 | 377200 | 2 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
Featured News
CYM (ASX) Chart |
The Watchlist
BM8
BATTERY AGE MINERALS LTD
Nigel Broomham, CEO
Nigel Broomham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online