CYM announced the AUD50m prepayment and 100% of stage 1 offtake on the 27th June.
The average copper price for the month prior to this announcement was around 4.15 USD/lb, you would assume Glencore were comfortable with 4.15 USD/lb, the current copper price, not considering the AUD is only 6% off this 4.15 USD/lb mark.
Thankfully Bazz is out there letting the market know all the facts about Nifty phase 1 and when the cathode buyers are happy to pay the incentive price for copper of around 4.15 USD/lb us shareholders will be duly rewarded for our patience.
With current record low world wide copper stocks and declining copper production and increasing copper demand, I am happy to join the queue of patient CYM shareholders for a few more months.
GLTAH
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Mkt cap ! $45.77M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 3.0¢ | $15.60K | 518.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99580 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 220000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 99580 | 0.030 |
3 | 196119 | 0.029 |
4 | 730594 | 0.028 |
2 | 355555 | 0.027 |
5 | 1025769 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 220000 | 1 |
0.035 | 242424 | 1 |
0.037 | 300000 | 1 |
0.038 | 330000 | 1 |
0.039 | 290000 | 1 |
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