CYM
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0.00% 3.3¢ cyprium metals limited

re: Ann: Capital Raisings and Commencement of... Folks am I...

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  1. jumpingbunny
    1,028 Posts.
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    08/10/09
    08:32
    Post #: 5747451
    re: Ann: Capital Raisings and Commencement of... Folks am I missing something here....

    Looking at this from a basic level, they are diluting (or doubling) the shares. I would have thought because of this, that the sp should be closer to 2c if the purchase plan is at 1.8c and considering the attaching options and included drilling value?

    I am not putting the company down as theor market cap is way too low given the property and potential, there are plenty of other companies out there with far less and a cap value of more than 10x ARX.

    Just in my opinion but still a bit confused?
    ARX Price at posting: 3.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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3.3¢ 		Change
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