Agree.
Key difference is fund managers lifted every single lithium stock to stratospheric heights. The downside for these stocks is 90% from here.
You can pick any garbage bunch of lithium stocks, CXO / LKE / AVZ - all of which will never be developed and never happen yet have billion dollar valuations. In my opinion sub par management relative to CYM.
You have CYM which unlike above mentioned has successfully, funded, built and operated a mining project. Invest their own funds unlike the above mentioned names and do not milk this company for work that consultants are completing (AVZ being the worst of the bunch above).
CYM is real, already has 40 million in funding for a low CAPEX project.
However just like crypto people like to gamble like headless chickens to it is lithium's turn for now. Wait for Wodgina / AJM / KDR (wesfarmers) / Sth Amercia brine to come online / hit supply side and the lithium price will crater and we will see another wave of bankruptcies like we saw last time in that sector, A40, AJM, etc.
CYM is well placed. Copper is well understood. Just need to idiotic froth in lithium to slow down and this will climb hard.
Agree.Key difference is fund managers lifted every single...
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Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $56.46M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.9¢ | 3.6¢ | $51.12K | 1.375M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 635818 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 165316 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CYM (ASX) Chart |