Precisely. If these guys are worrying about CYM raising a mere $10m to $25m... They're in for a shock when HCH has to capital raise twenty fold that figure.
I prefer CYM's approach - go into production for 25,000ktpa in 12 months time. And over the next 5 years bring on additional mines and increase capacity to 100-120,000ktpa, funding expansion through existing cash flow. This is the same sort of time frame HCH is expecting to produce 100ktpa; comparably however, it minimises share holder dilution.
Furthermore, considering the total finance package for CYM is $240-260m; a 5% to 10% capital raise component isn't much to worry about.
Precisely. If these guys are worrying about CYM raising a mere...
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Last
4.4¢ |
Change
0.002(4.76%) |
Mkt cap ! $67.08M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.4¢ | 4.1¢ | $164.2K | 3.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 867805 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 634685 | 3 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CYM (ASX) Chart |