CYM

2.04%

5.0¢ cyprium metals limited

I can relate to that , in engineering I use to do quotes with...

First 280 Last

Share
Profile

Follow
plough

33,556 Posts.

1753

03/03/23

10:40

Post #: 66579664
Share

Originally posted by PieChart ↑

You should have been clearer if your thoughts were to restart the UG mine. It sounded like you wanted Barry to drive around on site and scrounge up dirt to feed the concentrator.

I don't think restart the underground mine would be a cheaper alternative and it would be more risky IMO as it has more potential to fail down the line.

Ive made my opinion pretty vocal. I think financiers are conservative alot more then me and I don't think management have shown any ounce of being conservative. I think management mismanaged funds and burnt through the cash way to fast on things which weren't relevant.

The only focus should have been on generating cash not exploring side projects or making showers bigger, or hiring a huge crew because we will be financed next month, spend the bare minimum required to get to a revenue generating state the quickest.

When you can see the overall market soaring with inflation, govt processing delays, worker shortages. Pivot change your estimates don't wait til the last minute to tell people you need an extra 6 months or wait til you have hardly any cash left to sack people.

Lets be real there was people on nifty probably doing clean up for half a year they could've been made redundant way earlier. People were waiting for work which never really came. Which means alot of the $$$ spent was somewhat wasted.

Management could have got Infront of these problems before they turned catastrophic. However, time and time again they waited til they were out of time which put them in weak positions.

Management over estimated every important decision and if they can't accurately get right the simple things why would financiers trust them on future or harder things? Share holders have given management free passes on every delay.

However, IMO if I can't trust you to execute a, b, or C why would I believe you can do d or e? But that's just IMO and pure speculation on my behalf.

Expand

I can relate to that , in engineering I use to do quotes with what my expected time to do the contract was , I and our crew invariably took twice as long to do the task and lost money on the projects , my accountiant had me employ a separate person to quote the jobs who justifiably padded the time to complete the task - we got back to profitability
Maybe barry should have been under the control of a been counter .

CYM Price at posting: 11.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Climate change to drive market trends to the moon

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

There are more pages in this discussion • 72 more messages in this thread...

First 280 Last

Add CYM (ASX) to my watchlist

(20min delay)
Last 5.0¢		Change 0.001(2.04%)		Mkt cap ! $76.23M

Open	High	Low	Value	Volume
4.9¢	5.2¢	4.8¢	$98.72K	1.982M

Buyers (Bids)

No.	Vol.	Price($)
1	76924	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	626748	3

View Market Depth

No.	Vol.	Price($)
1	76924	0.050
4	910416	0.048
4	412765	0.047
3	280000	0.046
3	64000	0.045

Price($)	Vol.	No.
0.051	626748	3
0.052	310161	3
0.053	1000423	1
0.054	700000	2
0.055	400000	1

Last trade - 16.10pm 05/07/2024 (20 minute delay)

CYM (ASX) Chart

I can relate to that , in engineering I use to do quotes with...

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Saturn’s stars have aligned for the gold explorer’s Apollo Project

KGL sniffs 19% Cu from drilling at Rockface play in NT

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Climate change to drive market trends to the moon

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I can relate to that , in engineering I use to do quotes with...

Top Stories

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Saturn’s stars have aligned for the gold explorer’s Apollo Project

KGL sniffs 19% Cu from drilling at Rockface play in NT

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Climate change to drive market trends to the moon

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News