CYM 2.04% 5.0¢ cyprium metals limited

An interesting point comes out of what you just...

  1. 1,067 Posts.
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    An interesting point comes out of what you just mentioned.

    Sovereign risk.

    Very few countries are rated AAA. These include Australia, Canada, Denmark, Germany, Netherlands, Norway, Singapore, Sweden & Switzerland.
    CYM credit risk in Australia is one of the best, being in one of the highest rated countries.

    If CYM is struggling to obtain finance then IXR chances in Uganda are zero.
    IXR in Uganda is rated B+ Stable. Junk status.

    For S&P, a bond is considered investment grade if its credit rating is BBB− or higher. Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds. An SD rating indicates that the country has selectively defaulted on some outstanding obligations.
    https://hotcopper.com.au/data/attachments/4745/4745856-77952d9bacb3f50fde871528ab38ecfd.jpg
    Central bank interest rates in Uganda now running at 10%
    The Bank of Uganda lifted its benchmark interest rate by 100 bps to 10% during its October 2022 meeting, to try to tame soaring inflation and boost the shilling. The annual inflation accelerated for the eighth straight month to hit 10% in September, well above the central bank's target of 5%.

    Nobody likes the current investment cycle happening globally but Australia is positioned far better than most.

 
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