CYM

16.7%

4.2¢ cyprium metals limited

seems inflation is taking a sharp nose dive.

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Bison8

1,067 Posts.

649

27/09/22

13:08

Post #: 63899802
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Originally posted by Johnyb888: ↑

There can be no denying Management has made some serious mistakes, being overly optimistic, poor communication at times (like now) and poor timing....

But... Let's get realistic, this project got overrun by current market conditions of extremely bearish sentiment, increasing costs of both CAPEX and interest rates on top of falling copper prices. It's no wonder those intending to finance want to hold off.

This is very frustrating for us holders.

However there is a silver lining IMO. Current valuations of CYM don't account for Nifty coming online, now or even in the nearby future.

So won't it? Well despite falling copper prices, copper reserves have also been falling. Sure if the Chinese property sector does actually collapse and the world does go into a recession, we might see copper demand fall and reserves grow.. But despite the desperately poor sentiment that isn't happening yet.

With the continuing (and maybe even accelerating) electrification of the world and revival of the global economy is likely to see copper demand come roaring back. Add in dropping copper grades, higher production costs and the fact there are very few mining projects in the pipeline and current copper prices are likely to be short lived at the first sign of an economic turn around. In a proper rebound copper prices are likely to go past previous highs and possibly with a vengeance.

At that time CYM with Nifty will be in prime position.

When exactly this can happen is hard to predict. But with loads of commodity prices coming down, we might well see inflation ease off soon. Also the Ukraine war situation, particularly in Russia, doesn't look very stable. We are digging in for a long war (as we should) but really the house of cards under Putin could collapse at any day! This would seriously improve sentiment overnight and could also (depending on what will happen in Russia in that eventuality) solve the energy crisis in the short term...This doesn't need to happen by the way, but it is a possibility few appear to consider.

Either way I think the long term outlook for copper is very good. And with it the outlook for Nifty. So I will hold and possibly increase my holding over the coming months assuming CYM doesn't make anymore mistakes and manages to survive these problems (which looks likely).

Its frustrating, but short term pain might still turn to long term gain.

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seems inflation is taking a sharp nose dive.

CYM Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(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

seems inflation is taking a sharp nose dive.

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

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

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

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Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

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seems inflation is taking a sharp nose dive.

Top Stories

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

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

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

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

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

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

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

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

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News