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2.1¢ cyprium metals limited

Ann: Trading Halt, page-30

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LD99

7,373 Posts.

1418

01/02/23

11:05

Post #: 66000362
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Originally posted by Deme: ↑

Honestly, no one should be surprised here.

As I wrote a short while ago, "I wouldn’t be surprised if there was an equity component and will eat the dilution to see the deal get done".

It might be more prudent for them to go with an 80:20 debt/equity mix. The bulk of the finance package will still be debt.

I will reserve a final judgement until I see the size of the raise/how it is priced.

To repeat an earlier comment, capital raises shouldn't automatically be demonised. If CRs are used to finance management lifestyles and never progress a business, then they should be rightly condemned. But, if they are used to satisfy lender's demands or to reduce the debt burden of a finance package and see it over the line, you soon forget the dilution once the company moves into production.

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That means they're going to raise $50mill here for an 80/20 split. That's over 50% dilution. Not a bloody chance.

CYM Price at posting: 13.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 2.1¢		Change 0.002(10.5%)		Mkt cap ! $32.04M

Open	High	Low	Value	Volume
1.9¢	2.1¢	1.9¢	$14.91K	738.8K

Buyers (Bids)

No.	Vol.	Price($)
1	250000	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	85690	2

View Market Depth

No.	Vol.	Price($)
2	162091	0.019
8	3840701	0.018
2	375000	0.017
2	357191	0.016
9	1587332	0.015

Price($)	Vol.	No.
0.021	85690	2
0.022	36000	2
0.023	290267	1
0.024	800000	2
0.025	1287803	3

Last trade - 15.14pm 15/11/2024 (20 minute delay)

CYM (ASX) Chart

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