I hope you're right but I suspect with Glencore knowing full well CYM are in a bind for funding esp with the outstanding CN's CYM has little leverage to dictate terms when they are negotiating from a position of indebtedness...and a level of desperation. My feeling is funding will in the end be forthcoming but i also think it's going to be on relatively unfavourable (read extortionate) terms. There will be cashflow for CYM but Glencore are going to take more than they ordinarily would considering CYM's current financial position due in no small part to previous (mis)management
CYM Price at posting:
3.3¢ Sentiment: None Disclosure: Held
