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10.5%

2.1¢ cyprium metals limited

Ann: Suspension from Quotation, page-8

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3,697 Posts.

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23/02/23

11:09

Post #: 66416118
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Originally posted by Gjpe: ↑

Isn't there some piece of machinery on site that's worth 100 mil or so, which CYM won't need for a few years? I think I read that somewhere. Perhaps the logistics of selling and moving it are the hurdle, but 100 mill is worth a lot more to CYM now then it will be in 3 years time.
(I've never mined anything so basically I know nuthin!)

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Probably accounting magic. On the books it's worth $100mil and maybe cost the same to replace it.

However, if they tried to sell it they would get a fraction of the cost. That's my best guess, otherwise why wouldn't they have sold it off already rather than continually dilute share holders.

CYM Price at posting: 11.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 2.1¢		Change 0.002(10.5%)		Mkt cap ! $30.51M

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

Buyers (Bids)

No.	Vol.	Price($)
2	260943	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	90690	3

View Market Depth

No.	Vol.	Price($)
2	260943	0.020
3	165091	0.019
10	4031256	0.018
2	375000	0.017
2	357191	0.016

Price($)	Vol.	No.
0.021	90690	3
0.022	415218	3
0.023	290267	1
0.024	800000	2
0.025	1287803	3

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

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