CYM

16.7%

4.2¢ cyprium metals limited

Nice one @MtnMusicSeems not all are bearish esp China. Copper...

First 17 Last

Share
Profile

Follow
Bison8

1,067 Posts.

649

17/09/22

19:19

Post #: 63755412
Share

Originally posted by MtnMusic: ↑

So another stock I feel I am stuck in is Comet Resources who sparked my attention with their Springvale graphite mine in WA. The reason I mention this other company is that they off loaded this asset to a processor who IPO-ed, and instead put most of their marbles into a Queensland copper mine on care and maintenance, owned by none other than Glencore.
The funding for this April-22 agreement was originally a $50M CR, and this appeared to be scuppered by shareholders. This week the package has been reshaped and is now $27M from Glencore, and it seems reading the threads today more shareholders are in favour of these improved terms.
Taking a peek over the fence at Glencore's latest half yearly, I see that copper at 60% is second only to a major beneficiary of the Russia Ukraine war’s energy commodity bubble, coal, at 66% mining margin. For comparison, nickel is 36%.
Glencore also recognise diminished supply and copper growth in future, so I'm thinking there is wriggle room on our side in the negotiating stakes:
Perhaps Barry is keeping his promises to getting the best for SH, including himself, by swinging behind the scenes for us aiming to get improved terms from Glencore, much like CRL did? I know this is how many of us are feeling about Barry but from one Barry to another let’s channel some weekend love and give him the benefit of the doubt?

Expand

Nice one @MtnMusic
Seems not all are bearish esp China. Copper has long played an important role in China’s economy. Currently, China is the world’s biggest importer of copper by some margin, accounting for 43% of global copper ore imports – more than three times the level of Japan in second place.

Fridays Cu closing price above $7,750/t

CYM Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Nine's staff strike as Paris Olympic coverage begins

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

There are more pages in this discussion • 381 more messages in this thread...

First 17 Last

Add CYM (ASX) to my watchlist

(20min delay)
Last 4.2¢		Change 0.006(16.7%)		Mkt cap ! $64.09M

Open	High	Low	Value	Volume
4.3¢	4.7¢	4.0¢	$511.1K	11.82M

Buyers (Bids)

No.	Vol.	Price($)
1	353683	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	19996	1

View Market Depth

No.	Vol.	Price($)
1	353683	0.041
2	55128	0.039
3	166185	0.038
3	76831	0.037
5	465164	0.036

Price($)	Vol.	No.
0.042	19996	1
0.043	135238	2
0.044	104788	1
0.045	347244	4
0.046	449900	3

Last trade - 16.10pm 26/07/2024 (20 minute delay)

CYM (ASX) Chart

Nice one @MtnMusicSeems not all are bearish esp China. Copper...

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Nine's staff strike as Paris Olympic coverage begins

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Nice one @MtnMusicSeems not all are bearish esp China. Copper...

Top Stories

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Nine's staff strike as Paris Olympic coverage begins

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News