If SP reminds at these levels for an extend period. I will not be surprise if MLX convert all their $ 36m Convertible Loans into CYM shares. Etc 1.3x SP for average 20 days at 14c x 1.3 = 18.2c $36m/ 18.2c = 192m new shares 552m + 192m = 744m add incentive sh 54m est = 798m 192m/798m = 24% of company.
Why would MLX do it now? MLX was in debt. N CU price was only US$3.5/lb after being in extended period at $2.60/lb Now MLX is swimming in cash because Tin price when thro' the roof. MLX debt to their main SH had been paid in full his year. Now they got BC and team with the right skills to run the Heap leach. Which they can't do or solved. CYM will be minting Cu plates just like printing $. And CYM will be a CASH COW for MLX.
DYOR
THIS IS ALL DAY DREAMING FOR ME. So take these comments with a pinch of salt.
Look on the bright side. It will not rain everyday. This is a dry country.
CYM Price at posting:
13.8¢ Sentiment: Buy Disclosure: Held
