What is creating the major investor weakness with CYM?Take a...

What is creating the major investor weakness with CYM?
Take a delve into AR1 (CYM opposition) to see where issues could be. This is not an attack on AR1 but highlights the exact same issues that CYM face,

Shovel-ready Anthill Project to produce 40,000t of LME Grade A copper cathode over four years.
This is expected to deliver ~40,000t of copper cathode over a four-year period stated in prospectus dated Nov 2021
JORC Mineral Resource Estimate of 60Mt @ 0.70% Cu (approx. 423kt of contained Cu)
Capital Raise completed, listed on the ASX 03 November 2021: Issued 150m shares at $0.20 to raise $30m.
A debt facility ($30m) is in place with Wingate Investment Partners.
FX hedge is active and copper hedging will be implemented for 30% of Anthill production.
Sulphide mineralisation makes up 212kt of contained copper (50% of the resource)
Transition mineralisation contains 122kt of contained copper (26.5% of the resource)
Oxide mineralisation makes up 99kt of contained copper (23.5% of the resource)

11th Aug 2022 Firm commitments secured for a placement to raise A$17 million at an issue price of A$0.37 per share from institutional and sophisticated investors. Proceeds will primarily be used for exploration, *partial repayment of the Wingate debt facility and working capital. (*interest payment on $30m?)
Received Glencore’s US$15M prepayment facility on 18 March 2022(@$1.35, or A$20.25m?). By July USD/AUD was $1.48 so Glencore paid more than was necessary.
Austral then increased its funding base in the December 2022 quarter. Secover having provided the Company with an A$12.77 million finance facility,

Total forecast revenue*: ~ AUD $550M revenue over four years *assuming a copper price of A$14,000/t
MIM spending $6.3M to earn 65% interest in Austral’s 330km2 of EPMs
Copper sales of 348t of cathode sold for $4.83m during Q1 2022
Copper sales of 369t and sales revenue of $5.16m in Q2 2022
Copper sales of 1,312t and sales revenue of $14.8m in Q3 2022
Copper sales of 2,393t and sales revenue of $30.1m in Q4 2022
9,300t planned production for 2022, 12,000t for 2023
So A$54.89m sales income for 4,422t Cu sold for 2022 compared to expected $130.2m for Q3's revised 9,300t (was 10,000t) in the prospectus.
4,529t produced in 2022 or 50%+ less than forecast.

So what is happening here?
Underperforming initial leach results or EW plating issues?
Increased funding facilities from the initial funding round of $30m. Is this a finance total of $30m + $20.25m + $12.77m + $17m?
Is this total of $80.02m finance for 40,000t of total plated copper over 4 years. I lost track of all the finance agreements without having to go through every company announcement. Others here might know more about this?

It seems recently in the last 2 months Austral has achieved nameplate production but took plenty of time getting to that level, while using a processing facility that was already built and pretty much ready for use.
The question here “is this what is holding back the major investors with their concerns over CYM funding?”

Major investors would certainly be comparing apples to apples and this may prove Glencore’s hesitancy for splashing $$ in CYM’s direction.
Money has a cost and in a higher inflation environment, this is killing the return on money invested especially when it is taking longer to return and income is less than expected.

Can’t help but think the headlights are burning brightly in Glencore’s eyes and others.