Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-47

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Evergrayeful

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30/04/24

15:49

Post #: 73587528
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Originally posted by magmabaron: ↑

Not a superb quarterly if you ask me. If you look at the previous investor presentation (from March - 6 weeks ago) you'll see now that they missed 2 milestones. A study on the assets and on the oxide restart were due this month. Big deal that it's off by a few more weeks? Well, this co has struggled with 'doing what they say' for forever. Also, cash burn is higher than what was laid out when they relisted.

I see the traders ran amok here. Don't blame them as we are a penny stock after all. To me there was going to be no easy way to clear 4c as the overhead weight here is massive from the last CR. Plenty of ppl will want out - partially due to more failed promises.

What's fair value? Imo 3c. Price of copper only applies if the copper will ever come out of the ground. Without a restart study plan, the copper stays in the ground. Will it get to 16c/20c? Yes, but only after some kicked goals.

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So you claim to be a holder but think the value should be 3c? Does not make any sense to me. Hope you are a genuine holder!

Yes, missing goals is hard but it is always the case with junior explorers - that's why they are called juniors I suppose.

Fortunately some of us do not invest in the past - but in the Future. I thought the stock market is future looking!

There are many IOCG ASX stocks valued much higher even without any drill bit hitting the ground.

I am not a technical investor but invest in fundamentals - the chart is not looking bad either.

Last edited by Evergrayeful: 30/04/24

CYM Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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