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3.33%

2.9¢ cyprium metals limited

“Bunn, I think that you are being a little harsh”You’re right, I...

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Bunn-Wackett

22,324 Posts.

1247

06/07/22

15:34

Post #: 62403323
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Originally posted by RhysD: ↑

Bunn, I think that you are being a little harsh...

1. It hasn't even been 18 months since they took over Nifty, and they have achieved a hell of a lot in that time.
2. Any amount of finance [even under $300M] is never a walk in the park
3. Finance takes time, they are borrowing 100's of million, there is a LOT of due diligence to take place
4. We are looking to build a mine with a 30+ year mine life and then look to build at least 2 more similar, the markets will move during this time, how long do we wait
5. Everyone that knows Copper is predicting shortfalls in supply by the end of next year, we need to be in a position to take advantage of this, meaning we need to build [refirb] the mine now, not in a year's time

Look I could go on and on... but in the world of mining, there will always be delays... those who do not have the stomach for it should not invest in small cap mining companies, simple as that.

Give the team a break, it's easy to focus on the negative, but when you actually look at what they have achieved thus far, I for one am impressed... I would love to be rich tomorrow, but our time will come...

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“Bunn, I think that you are being a little harsh”

You’re right, I am. I’ll be a buyer under 10 cents if it eventuates.

CYM Price at posting: 11.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 2.9¢		Change -0.001(3.33%)		Mkt cap ! $46.50M

Open	High	Low	Value	Volume
3.1¢	3.2¢	2.9¢	$108.1K	3.611M

Buyers (Bids)

No.	Vol.	Price($)
2	678721	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	68188	6

View Market Depth

No.	Vol.	Price($)
2	678721	0.029
9	746612	0.028
4	593185	0.027
8	1667607	0.026
7	1016560	0.025

Price($)	Vol.	No.
0.030	60242	5
0.031	228875	2
0.032	387382	4
0.033	730157	2
0.034	628524	3

Last trade - 13.06pm 24/04/2024 (20 minute delay)


Last 2.9¢			Change -0.001 ( 6.45 %)
Open	High		Low	Volume
3.1¢	3.2¢		2.9¢	1303970
Last updated 13.15pm 24/04/2024 ?

CYM (ASX) Chart