CTM 6.67% 40.0¢ centaurus metals limited

News: CTM Centaurus Metals Seeks Trading Halt, page-36

  1. 557 Posts.
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    musta blocked that guy. That's right, I remember, I did. No idea what he's posted for a yr. And I'm instantly reminded why from perthcheeta's litte synopsis.

    It seems their plan is to strike it big. That is ALWAYS the plan with junior miners. Problem is, no one knows if/when that will happen - hence 2.5BN shares on issue, OB conversions in AUG would mean 3+BN SOI, cap raise BEFORE permits at 5.5 - so if permits do come through, it's dump city by sophs until CTM has the cash money to buy shares back. 3bn SOI for a company worth so little is like a dead weight on the SP
    Last edited by jimmityg: 19/03/19
 
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