CYM

0.00%

4.5¢ cyprium metals limited

Bewdy, no recession, all the doomsdayers are wrong! ...end of...

First 55 Last

Share
Profile

Follow
Bunn-Wackett

23,287 Posts.

1302

25/10/22

16:18

Post #: 64387223
Share

Originally posted by Bison8: ↑

Let me add to that @29101971 , OZL quarterly released 24th October,

“Final binding agreements for the $1.2 billion syndicated debt facility have been signed with a number of our relationship banks to support the development of the West Musgrave Project. Financial close under the syndicated debt facility is expected by the end of October 2022."

Therefore finance/lending is not an issue for OZL's large $1.2B debt. This is a good sign that finance is still viable for CYM.

Add to this CBA forecasts that the USD will strengthen in coming months and the AUD will fall sub US60c.
From a CYM perspective, the copper price drop has been mirrored by a decline in the AUD which you pointed out. From both a profit & free cashflow perspective nothing has changed with regard to CYM's ability to service that debt.

"The ports of Los Angeles and Long Beach together handled 686,133 loaded import containers in September, down 18% from a year earlier and the lowest level since June 2020, according to port figures. August imports fell 12% from last year, a steep drop during the traditional peak shipping season."
Although this refers to US freight movements these downward freight costs are across the board. Freight costs are going down, steel costs are going down, fuel costs are steady with WTI oil at US$84.92/barrel and has been trading around this level since early Sept a long way off its $120+ peak in June.

Steel price is forecast to fall in 2022 and beyond. Fitch Solutions, in its 16 September note, lowered the steel prices forecast for 2022 to $860 per tonne from a previous forecast of $980 in June. It also cut the price estimate for 2023 to $825/tonne from a forecast of $850 in June, as weaker global economic growth put greater downward pressure on prices.

Expand

Bewdy, no recession, all the doomsdayers are wrong!

...end of discussion then. I assume you’re sticking to your guns about debt finance under 10%, you actually referred to the 8’s. I’ll send your “note” to Jay and probably Phil ‘coz it appears they’re panicking for nothing. Bonds?...nothing to see here lol global debt, same.

CYM Price at posting: 6.5¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

SS1

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

Microcap Wrap: 5 explorers with news out today

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

RCE

Recce's R327 found effective against E.coli during clinical trial

There are more pages in this discussion • 2 more messages in this thread...

First 55 Last

Add CYM (ASX) to my watchlist

(20min delay)
Last 4.5¢		Change 0.000(0.00%)		Mkt cap ! $68.61M

Open	High	Low	Value	Volume
4.4¢	4.7¢	4.4¢	$240.2K	5.283M

Buyers (Bids)

No.	Vol.	Price($)
2	80799	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.6¢	111111	1

View Market Depth

No.	Vol.	Price($)
2	80799	0.045
2	69068	0.043
3	973285	0.042
6	978682	0.041
10	868076	0.040

Price($)	Vol.	No.
0.047	550250	7
0.048	941111	3
0.049	1025000	2
0.050	559081	3
0.051	490000	2

Last trade - 16.10pm 28/06/2024 (20 minute delay)

CYM (ASX) Chart

Bewdy, no recession, all the doomsdayers are wrong! ...end of...

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Ava Risk Group expands US presence with A$0.7M Substation Deal

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

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

Microcap Wrap: 5 explorers with news out today

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Recce's R327 found effective against E.coli during clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Bewdy, no recession, all the doomsdayers are wrong! ...end of...

Top Stories

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Ava Risk Group expands US presence with A$0.7M Substation Deal

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

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

Microcap Wrap: 5 explorers with news out today

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Recce's R327 found effective against E.coli during clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News