Average buy price 24 cents, so down around 70%. CTO needs to increase now by 200% to break even.
I think they made mistakes, not knowing what they were doing. Perhaps so confident in their own ability and in the mine that they tried to keep it all in-house, and not dilute management's large holding too much. I am not making excuses for them - 'blind faith' is my call. Also they felt the need to always be positive, resulting in some spin. A better strategy would have to be upfront about the task, seek outside input and advice early, and then go to the market with a clear direction.
If there was no outside interest in the company I would sell. We don't know the exact nature of the outside interest ATM, but the Board has opened up, which is a first.
Bottom line is that there may still be a 'baby' in the bathwater. At 1% I can afford to take the risk.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.5M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $4.687K | 1.097M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 19606239 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 9479601 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 19606239 | 0.004 |
15 | 10347355 | 0.003 |
7 | 6015025 | 0.002 |
8 | 10802988 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 9479601 | 8 |
0.006 | 2260000 | 4 |
0.007 | 1229758 | 3 |
0.008 | 3393671 | 5 |
0.009 | 1846323 | 4 |
Last trade - 11.47am 25/07/2024 (20 minute delay) ? |
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CTO (ASX) Chart |