CTM 0.00% 37.0¢ centaurus metals limited

Trading day running commentary, page-853

  1. 19,875 Posts.
    lightbulb Created with Sketch. 1010


    This thread has become a bin fire ... nervous nellies, usual downrampers and newbies who have form in sowing doubt on other threads.

    The scoping study is one week behind stated timeline. End of story. Stock is 20% off its recent highs ... Big deal.

    Any suggestion that management do not have the chops is a joke. In little more than 18 months this mob has overseen an asset swap out of a costly wildcat ground drill into a potential tier one nickel asset, drilled it out and provided a maiden resource and upgrade, consolidated to take share price from .04 to .94

    Sell, hold, or buy more ... but the inane drivel will not get you cheaper shares or make the announcement come any faster.

    Nickel price is stabilising well and is actually $1000k higher than the likely costs basis the SS will factor in ... look forward three years and the nickel dump orchestrated by our 'chinese fiends' will mean squat.

    The greenfield drill was set back by contractor issues. I suspect a less than healthy attitude to covid protocols leading to drill delays from that outfit and management had zero tolerance. Dealt with. Move on.

    We know assays are banking up all over south america ... when we get a dump of news it should be well worth the wait.

    I'd actually to be happy to wait another few weeks and get both scoping studies at once ...

    No doubt the fizz has gone out, but CTM remains a class asset at a bargain price if you have a view about EV take-up and solar to battery power storage.

    Rest is noise. Buy, hold.
 
watchlist Created with Sketch. Add CTM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.