Indeed, big boys are looking to secure as much copper as they can swallow.
You will also recall that Oz Minerals recently did a deal with Havilah Resources for their Kalkaroo copper deposit for a $18m upfront payment, and up to $400m to secure the project. Around 1 m tons in the ground.
Copper market in Oz undergoing a transition. Big boys are in town.
Presume the GLN deal is the 'mezzanine finance' Baz talked about. So it is now just the $190m senior debt to go. This appears to be very close as the announcement alludes.
Cheers
Indeed, big boys are looking to secure as much copper as they...
Add CYM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.71M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 285053 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 17000 | 1 |
View Market Depth
| Last trade - 09.13am 05/07/2024 (20 minute delay) ? |
| CYM (ASX) Chart |
Day chart unavailable