Recall Barry said that the market didn't respond to Finders until they announced US$58 mil full year profit----CYM's trust issue might mean they have to wait that long again.
CYM needs to wait for a financier to have the appetite to kick in $250 million and that's not going to happen while the global recession, or even the perception that a global recession looks a near certainty. It's risk off!
The data room has been open since last August so why just Glencore and why did it take so long to even get to that position? Something the financiers saw that they didn't like?
CYM has lost it's coveted spot at the front of the queue.
The Nifty update "Advanced discussions are continuing with debt financiers"----Does that mean finance is close?....oh, gee whizz, that's great
