A few months back I was jumping for joy to have the opportunity to buy in at 21c per share. I saw massive value in CYM at that price. All of the directors had been loading up at 28c. You couldn't go wrong buying in at that price. Just wait a year or so and you'll be laughing.
But, with a delay announced and everything pushed back a few months, I've since taken advantage of impatient holders and averaged down a couple cents lower because the fundamental reasons for my purchase have only improved.
In the short term - the restart study has substantially de risked the project. And we can clearly see how good the economics are now. Finance is one of the last major milestones to achieve before CYM goes full steam ahead.
25ktpa of copper production = ~$100m a year... And the current share price is less than $100m. Crazy.
IMO Nifty is one of those once in a lifetime opportunity's for wealth building. In a couple years, when the share price is $3+, having an average price less than 20c is going to be serious bragging rights around here haha.
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A few months back I was jumping for joy to have the opportunity...
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Last
3.6¢ |
Change
-0.001(2.70%) |
Mkt cap ! $54.93M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.6¢ | $15.41K | 427.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 415164 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 415164 | 0.036 |
4 | 1136696 | 0.035 |
7 | 1173353 | 0.034 |
6 | 2205000 | 0.033 |
3 | 306999 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 30000 | 1 |
0.039 | 472983 | 3 |
0.040 | 200 | 1 |
0.041 | 439788 | 2 |
0.042 | 1175000 | 3 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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CYM (ASX) Chart |