CYM
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20.8% 4.4¢ cyprium metals limited

I think this is good news. It may read not so good without...

  1. jumpingbunny
    1,028 Posts.
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    02/10/08
    13:17
    Post #: 4336748
    I think this is good news. It may read not so good without thinking as it increases their debt to US$60m but it also increases their potential profit (given a favourable gold price).

    If a farm-in company ahs the money, they could pay out the debt and make more money now this hedging has been lifted.

    I think this is the first step and a requirement by a potential farm-in company. Watch this space as I think that now this has been done, the next announcement will be the ONE!

    IMO
    ARX Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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