CYM 0.00% 3.7¢ cyprium metals limited

Chart, page-229

  1. 2,113 Posts.
    lightbulb Created with Sketch. 1456
    Tinny, I went back through the company announcements prior to the commencement of the downtrend and everything to me looks positive, Cu price over 4 $/lb and looking strong. The broader market was going strong

    This announcement on 11th May contains a beautiful looking chart with the SP at 33.5c and a nice uptrend

    I do not underestimate the power of algorithmic trading and the ability of a predator to manipulate the SP down from 33c to 11c with the help of some missed deadlines and a downturn in copper but both of these these are minor delays, copper will be over 4 $/lb soon and funding will come (some time) and a poorly timed cap raise, just 2 days after the Glencore announcement.

    The fundamentals are the same if not better than May 2021 and we are closer than ever to leaching the tailings and the SP is 11c???? 1/3 the price it was in May 2021............ No wonder Baz is biting down on his mouthguard and swinging hard lol

    market cap 11th May 2021 $183m
    market cap 13th Aug 2022 $80m

    And we are one big announcement away from FID, good luck to those who have not already taken a sizable long position.


    https://hotcopper.com.au/data/attachments/4590/4590227-31999df30632d5b2fb02128b17bc4d79.jpg

 
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