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Cymat Technologies Ltd V.CYM

Alternate Symbol(s):  CYMHF

Cymat Technologies Ltd. is a manufacturing company. The Company holds licenses and related patents to manufacture and sell Stabilized Aluminum Foam (SAF), a cellular metallic material. SAF is produced utilizing a process in which gas is bubbled into molten alloyed aluminum containing a dispersion of fine ceramic particles to create foam, which is then cast into strong, lightweight panels and shapes. The Company is manufacturing SAF for use in architectural, blast mitigation and energy absorption applications. It develops applications for use in the automotive and industrial markets. Its divisions include SmartMetal and Alusion. Its SmartMetal stabilized aluminum foam products are effective at absorbing an amount of energy in a lightweight and recyclable package. SAF is used in such industries as architectural design, military and automotive. It markets its architectural SAF under the Alusion brand and its automotive and military SAF under the SmartMetal brand.


TSXV:CYM - Post by User

Bullboard Posts
Post by IChingon Apr 12, 2006 8:57am
208 Views
Post# 10668774

The only problem is money

The only problem is moneyI've been following Cymat for years and I think the present CEO is doing a great job. However they are still much in a R&D pre-commercialization phase and their burn rate gives them only one quarter (two at best if they had cut back post january). They need to finance soon. Their capital structure is already up to 50M+ shares o/s. So at this price and burn rate , they're probably looking at an extra $3M-$5M inflow, i.e. 10-15M share dilution. Of course any major licensing deal and near term production would bring revenues...but it looks improbable at this point. Just my 2 cents. Comments?
Bullboard Posts