Cyprium Metals Ltd (CYM)

Hi Indran,

This $50mn copper explorer/development business has burnt cash for years and it shares have plunged accordingly. We have no interest in a business which has to raise money almost monthly and seems more proficient in raising money than adding value to shareholders, the mosaic of offerings is confusing in itself:

• This month they raised $1.53mn at 2.8c, only 51% was taken up by eligible shareholders, and they’re already down 14%.
• Another ~$13.5 million was raised before costs in January at 2.8c.
• The company launched an entitlement offer, in December for $3m allowing eligible shareholders to purchase new shares and options at a discounted price.

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Cyprium Metals Ltd (CYM)

LAST UPDATED 07/02/2025 14:27

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Cyprium Metals Ltd (CYM)

LAST UPDATED 07/02/2025 14:27