CYM

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3.3¢ cyprium metals limited

I don't recall him saying he knocked back $300m. I think the...

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stihlalive

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18/10/22

12:06

Post #: 64253367
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Originally posted by The Chook: ↑

The only problem with sitting tight is nothing happens and costs continue, will Baz take a pay cut, when money runs out tgen he will sell the concentratir to pay bills and wages including his own. I remember Be az saying in one interview, I think it was the something cafe that lenders inly wanted to lend $300 million but Baz wasn't interested in that and only wanted $200 million and that was before any rate rises now we are talking $250 million! what only $50 million difference. I would have taken the $300 million and locked it in for 3 years and by the time that had expired and renewed at a higher rate CYM would have been producing with a cash flow and the SP would have hit over $1, yes I know thats in hindsight but I am sure we all knew cash rate was not going to stay at .10% as it was a pandemic, This is why I believe lenders wanted to lend $300 million due to rates being so low, 3 years later CYM could have returned most of the money and only held onto $50 million as a float since there would have been a cash flow. My question to Baz is, "if so at what rate were you offered the $300 million"

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I don't recall him saying he knocked back $300m. I think the point he was making was that the $200-250m project size was too small for some financiers to consider. Happy to be corrected on this but that was my take at the time.

CYM Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
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Last 3.3¢		Change 0.000(0.00%)		Mkt cap ! $50.35M

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I don't recall him saying he knocked back $300m. I think the...

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I don't recall him saying he knocked back $300m. I think the...

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

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