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5.3¢ cyprium metals limited

Ann: Nifty Copper Project Restart Financing Update, page-99

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The Chook

4,848 Posts.

441

23/02/23

16:16

Post #: 66425335
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Originally posted by PieChart: ↑

I think that's how the bankers saw it as well. Cym squandered the first and second round of $$$ and have now come to them in a weak position of no power or money and desperate to do a deal. Thats not how you want to start negotiations.

The Capex ballooned from $100mil to $250mil
(doesn't give confidence they have any idea how much $$$ is needed.)

The real kicker was even with this upcoming raise he was still talking about wasting $$$ on drilling out side projects.

He never learnt his lessons. He just continued on being over confident and under delivering.

Imagine going on Samso and saying it's a done deal to now this? How anybody could trust what he says ever again is beyond me. But, im sure plenty will......

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I recall Barry saying that the lenders wanted to lend over $300 mil and this was pre rate rises, but I think barry wanted under $200 mil, should have taken the $300mil in hindsight, anyway who will lend now as CYM is in a desperate situation, hell I feel CYM will be taken over by MLX for free ir to wipe out their dept to MLX

CYM Price at posting: 11.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 5.3¢		Change 0.006(12.8%)		Mkt cap ! $80.80M

Open	High	Low	Value	Volume
4.9¢	5.4¢	4.9¢	$602.7K	11.69M

Buyers (Bids)

No.	Vol.	Price($)
2	740621	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	449101	4

View Market Depth

No.	Vol.	Price($)
2	740621	0.051
5	255000	0.050
1	60000	0.049
1	20408	0.048
3	161271	0.047

Price($)	Vol.	No.
0.053	449101	4
0.054	1127911	7
0.055	1433468	4
0.056	461348	3
0.057	375000	2

Last trade - 16.10pm 02/07/2024 (20 minute delay)

CYM (ASX) Chart