Cap structure blown to smithereens post-recapitalisation, however, Cyprium survives & gets another crack at it. These plays live/die on the ability to get financed.
PRCM with 15.5% of the company & their boss, Matt, appointed as Interim Chairman. Interests aligned with shareholders.
No stuff ups from here on in, team. Put out a super robust integrated scoping study, secure the modest restart capex & let's transition into a mid-tier copper producer.
1.6mt of contained copper, A$450m in sunk cap, modest restart capex & more experienced hands at the helm. Let's go!
Ann: $31.6M Equity Raising Completed, page-3
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