Australia's largest stock trading and investment forum Australia's #1 stock forum

CYM

4.65%

4.5¢ cyprium metals limited

India's copper demand to outstrip global growth, domestic sector...

First 25 Last

Share
Profile

Follow
Fingers xed

7,600 Posts.

959

12/12/23

17:40

Post #: 71410497
Share

Originally posted by srood: ↑

One things for certain dealing in the ASX is you need to be open to change...and able to deal with pain...and plan a response.

An overly confident leader when interest rates were zero vs an over confident leader when interest rates are on there steepest trajectory in decades bites...Thats what was the telling factor imo. Without dredging too much, a mine plan based on what was `just enough` to pay off and start `mining metal`, as Barry was hoping for, just didn't work when Mr Powell started his hikes. This proved a telling factor across the ASX, not just copper and CYM in particular.

The question is down to three factors re. CYM...Where are interest rates/inflation headed. Where are Copper prices headed....and what will our revised mine-plan/DFS/BFS be factored upon?

In a nut shell, the first factor, imo, given Covid is well in the rear view mirror and US inflation is well and truly tracking more to the median as is interest rates, bodes well that the US economy hasn't fallen into quick sand as many figured would happened moons ago. 2, the copper price entered a new dawn with electrification a few years back but took a back seat with interest rates and inflation hikes. like covid, i believe this will head to a more median role in line with the realities (minus covid), as electrification and infrastructure moves forward. 3, and for me the most crucial is that a mine plan based on more than just several years is now being applied. Financiers buckled and rejected the prior, slimline approach earlier this year. There's a boat load more resource than what was used earlier in the year being applied that will be NOW be used to move this towards finance that was left off the table earlier. This will propel Nifty back in line with where a mid tier should be priced..(with a health copper price).

Of course its hope that the above factors will play into our angle. Nothings guaranteed. Have been accumulating 2.4 and above. Lost enough like many to rethink a new base/approach a couple months back. Since keeping an eye on the trading over the past month or so, it looks as though some heavy accumulation sub .3 is taking place...given they have $30 odd million, CRs are off the table for much of the period ahead...am keeping a firm eye on the copper price but believe a bottom and bounce is close.

Expand

India's copper demand to outstrip global growth, domestic sector to remain stablle .

https://auto.economictimes.indiatimes.com/news/auto-components/indias-copper-demand-to-outstrip-global-growth-domestic-sector-to-remain-stable-icra/105898766?utm_source=Mailer&utm_medium=newsletter&utm_campaign=etauto_news_2023-12-12&dt=2023-12-12&em=cmhvbG1lczIwMTBAZ21haWwuY29t

CYM Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

NXM

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

NIM

Nimy extends sulphide targets at Mons with new anomalies identified

SFX

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

There are more pages in this discussion • 57 more messages in this thread...

First 25 Last

Add CYM (ASX) to my watchlist

(20min delay)
Last 4.5¢		Change 0.002(4.65%)		Mkt cap ! $68.61M

Open	High	Low	Value	Volume
4.3¢	4.5¢	4.3¢	$93.26K	2.147M

Buyers (Bids)

No.	Vol.	Price($)
1	45813	4.3¢

Sellers (Offers)

Price($)	Vol.	No.
4.5¢	523999	3

View Market Depth

No.	Vol.	Price($)
1	45813	0.043
2	950000	0.042
9	1366593	0.041
10	868076	0.040
5	150563	0.039

Price($)	Vol.	No.
0.045	523999	3
0.046	864287	5
0.047	722907	3
0.048	541111	2
0.049	1125000	4

Last trade - 16.10pm 27/06/2024 (20 minute delay)

CYM (ASX) Chart

India's copper demand to outstrip global growth, domestic sector...

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

Nimy extends sulphide targets at Mons with new anomalies identified

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

India's copper demand to outstrip global growth, domestic sector...

Top Stories

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

Nimy extends sulphide targets at Mons with new anomalies identified

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News