How did the CYM SP go from 16 cents in Jan 2023 to 1.3 cents in March 2024
With the big volume today we must have quite a few new faces dipping into CYM, I thought I'd broadly summarise the fundamentals behind the fall from 16 cents to 1.3 cents leading to this current break out above 3.5 cents
I need to stress the words "broadly" and "summarise"
The Gist of what I am getting at, from the suspension at 11 cents then diluting the registry at 4 cents the fair value after dilution should have been 8 cps BUT it went straight to 3.5 cents and we got bogged down until now, when the revised restart study is due.
IMO, 8 cents is fair value for CYM but we are expecting the updated restart study to be much more compelling than the original study in July 2022.
CYM Chart, page-19
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Last
4.1¢ |
Change
-0.001(2.38%) |
Mkt cap ! $62.51M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.4¢ | 4.1¢ | $194.7K | 4.663M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 443805 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
4.1¢ |
Change
-0.001 ( 4.65 %) |
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| Open | High | Low | Volume | ||
| 4.3¢ | 4.4¢ | 4.1¢ | 1365032 | ||
| Last updated 15.47pm 13/06/2024 ? | |||||
| CYM (ASX) Chart |