Ann: $16m Placement and $10m non-renounceable entitlement offer, page-46

In all honesty, I'd like to have seen this entirely kept in house. But ultimately, if this is required to get CYM across the line to production, then so be it. I'll have to adjust my expectation of a 500% ~12 month return on investment down to a mere 400%. According to all the noise, it's still an absolute dog stock right?

Fundamentals haven't changed. In the past week we've gone from having maybe $10m in the bank, to now having access to ~$86m of funding if the further $10m entitlement is successful.

Having access to $86m of funds, for a company which was only valued at $80m a week ago, isn't the terrible news some posters here are are making it out as. Furthermore, if this $86m of capital allows us to further secure debt financing as @29101971 has pointed out, then I couldn't care less. I'll repeat what he said.

Cyprium will be able to continue to advance the senior debt financing, with the finalisation of the funding package enabling our construction plans and the production of copper metal plate on site in the second half of 2023.”

Traders are getting burnt today, and I'll take advantage by topping up on their weakness. From a mid-long term prospective; this enables us to reach production. And given we are still priced as a speccy explorer, and not as a developer whose finalising financing a Brownfield project, I firmly believe these prices are a gift for long-term holders.