This was always on the cards, so there shouldn't be any surprise.
And will many remember this capital raise when CYM are in production and churning out free cash flow? My guess is no.
Many punters struggle to fathom how difficult it is for a junior minnow with no balance sheet to 100% debt finance a project. Most companies out there in this space are gunna struggle to keep the lights on in the coming years - as capital markets tighten up.
Baz has always said that the majority of finance will be debt, with any equity component being kept in house. Let's cool our jets until we see the particulars.
Dilution to get a project up and running isn't the same as endless dilution for working cap purposes. Sometimes you cop it for the larger picture in mind.
I was diluted almost 90% in another investment last year, but soon forgot this once the company four-bagged.
A lot of punters overreact to capital raises.
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2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $42.72M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.8¢ | $6.086K | 216.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 236740 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 595000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 200000 | 0.027 |
5 | 646999 | 0.026 |
7 | 1609201 | 0.025 |
3 | 508000 | 0.024 |
1 | 300000 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 595000 | 2 |
0.031 | 6976 | 1 |
0.032 | 300000 | 1 |
0.033 | 265548 | 2 |
0.034 | 1000000 | 1 |
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