I agree with 2 of the 3 picks by this guy. I hold heaps of CYM and HGO so i had a bit of a dive into CLA to see what i was missing, it turns out i haven't missed anything valuable, CLA is too risky, even for me.
My attraction to CYM and HGO is due to: 1 the installed plant capacity of each company, both in full production will produce about 25 kt pa of Cu metal. 2 both close to restart and have been oversold due to prior performance which has now been mitigated but not recognised in the SP. 3 both have significant written down capital losses on the balance sheet, CYM has $181m
What many investors may not be aware of is CYM can offset $181m in losses with future profits and hence not pay 30% company tax on that profit. That is a nice tax holiday for the first two years for CYM and will help repay debt sooner. (HGO are in a similar situation and have a $246m capital loss)
gltah
CYM Price at posting:
10.3¢ Sentiment: Buy Disclosure: Held
