CYM 8.82% 3.1¢ cyprium metals limited

Ann: Nifty Copper Project Restart Financing Update, page-174

  1. 1,109 Posts.
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    That is true, and Baz always told shareholders what we wanted to hear.

    Remarks of the directors wantng to buy but it's in a blackout period

    another time saying that it was a great buy at 21c

    another time saying they are "really quite bullish"

    Then stating just not that long ago that the difficult money to obtain was out of the way referring to the offtake.
    That the debt will just roll in after DD due to them being entitled to first pay back before transamine.

    I was under the impression that financiers may be waiting for approvals but i guess that has now been proven wrong, it turns out it was just their inability to secure finance.

    I'm suprised they didn't apply for any NAIF funding. Too late to do that now..

    If CYM can't achieve it I really don't see how any small cap copper play can get past finance without a heavy influence of the likes of IGO, Rio ripping off the little guy.

    Would be nice to know why the board didn't sign off on the deal.
    You would think there would be a little comment saying the board is currently reviewing other term sheets but we are left with nothing.












 
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