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3.7¢ olympio metals limited

The produce is perishable, so no - the lenders are not going to...

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twmochi

880 Posts.

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18/12/19

13:14

Post #: 42029296
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Originally posted by DoriansMirror: ↑

The long term outlook for the company is still pretty good. The sort of people that would have large parcels in CLI are the sorts of people that would invest on the basis of fundamental analysis and have patience. I wouldn't be worried about those that hold large parcels.

I'd be worried about those that bought in order to make a quick buck. There appears to be a lot of panicking investors who are willing to sell out for a loss when waiting another 6 months would see them well an truly in the green.

CLI will have no problems securing an additional couple of million in loans. Even at current prices they have more than $10 million in produce they can borrow against as well as income of $15 million demonstrating an ability to eventually pay back any loans. Any lender would see the potential value in CLI if they are solvent, so they could arrange a conversion to payment in shares at the right share price.

I'm really not concerned at all.

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The produce is perishable, so no - the lenders are not going to see it that way. Particularly as it is priced against a dynamic spot market.

If we were looking at thousands of tonnes of copper cathode, then different story.

CLI Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.7¢		Change 0.000(0.00%)		Mkt cap ! $3.162M

Open	High	Low	Value	Volume
3.8¢	3.8¢	3.7¢	$3.559K	93.75K

Buyers (Bids)

No.	Vol.	Price($)
3	140276	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	135127	1

View Market Depth

No.	Vol.	Price($)
3	140276	0.037
1	51001	0.036
2	100183	0.030
1	22292	0.028
1	400000	0.026

Price($)	Vol.	No.
0.044	135127	1
0.045	73251	3
0.047	48695	1
0.054	40000	1
0.090	29362	1

Last trade - 15.27pm 20/08/2024 (20 minute delay)

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