You're right, this isn't guaranteed quite yet. The last of the approvals need to be finalised, finance needs to approved and construction/refurbishment needs to be completed. But it's highly likely the first two occur before July. And beyond that, the risk of failure is drastically reduced.
Is there still a risk during the construction/refurbishment period? Absolutely. But the potential downside is limited at that stage. Perhaps CYM takes a few months longer than expected. Or Perhaps CYM runs over budget and needs to raise an additional $20m in funds.
But fundamentally, even with those risks included, the project is far too economical to stay at these prices. A regular discount for most companies post finance would be 25%... If this applied to CYM, the share price could be sitting between 52c and $1.05c...
Even a 50% discount applied to Nifty would see our market cap / share price at a minimum double; and a 50%+ discount is typically reserved for projects with high sovereign risk, like some speccy junior explorer in the Congo.
A 18c share price or below just doesn't make sense. Tier 1 management. Tier 1 location. Tier 1 resource. 75% of the way there. Go figure.
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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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