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8.33%

2.2¢ cyprium metals limited

Ann: Convertible Note Amendment, page-7

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Deme

1,484 Posts.

1308

28/08/24

15:13

Post #: 75417015
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Originally posted by Black-Cat ↑

And your point is?

To limp into 2025 (and before funding the costs of any project development) CYM will need to extend the repayment terms of the secured Nebari loan (or possibly at a stretch refinance it through a loan from another party) and raise about $15-20m through an equity issue.

The deal announced with MLX is really ugly as blows out the capital to the extent shareholder returns will be hard to see and more so to this problem the terms of the MLX deal are that it ratchets up that blow out as the pricing of the next capital raise becomes cheaper. So, with CYM cum raise for an amount of at least 50% of its current market capitalisation to get into mid 2025 and yet to deal with the Nebari loan it looks like there's going to be a need for shareholders to dig deep into their pockets shortly in order for the company to merely survive past Christmas.

Very grim.

Expand

"At a stretch"???

As mentioned in September last year, it was good to see Nebari (as the secured loan provider) with equity exposure as well. They are keen to see Cyprium succeed.

I also note that TNC secured A$42m in funding from Nebari in January this year.

It isn't all doom and gloom.

Agreed on the cap raising, though.

CYM Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.2¢		Change -0.002(8.33%)		Mkt cap ! $33.57M

Open	High	Low	Value	Volume
2.4¢	2.4¢	2.2¢	$19.52K	850.5K

Buyers (Bids)

No.	Vol.	Price($)
3	355000	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	888400	5

View Market Depth

No.	Vol.	Price($)
3	355000	0.022
3	472620	0.021
4	569750	0.020
1	375000	0.019
1	250000	0.018

Price($)	Vol.	No.
0.024	888400	5
0.025	1197803	2
0.026	499385	3
0.027	312721	3
0.028	309406	2

Last trade - 15.53pm 06/11/2024 (20 minute delay)

CYM (ASX) Chart