CYM 0.00% 3.3¢ cyprium metals limited

Ann: Suspension from Quotation, page-29

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  1. 217 Posts.
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    That’s a very interesting observation. The company was spending as if Finance was a done deal. If they didn’t have a plan B other than VA, it is questionable whether the management has been conveniently incompetent. After all, CYM has a large copper reserve and is ready to produce with very little Capex requirement (in comparison to new mines). It would have attracted a few vultures. As you said, hope they have a plan B better than VA. Nonetheless, I have mentally written this one off as a total loss, anything better is a bonus.
 
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