I'd disagree about a takeover any time soon, I think AGO will wait until CTM get the company into production (they will now advise CTM and will help them implement the AGO business/growth model). Once the company is somewhat de-risked (started producing) and identified the project that they are looking to ship out 12-15mtpa of high grade ore for a minimum of 10 years is when AGO will either help them fund that project or at that stage takeover/merge the two companies.
-Diversification for Atlas Iron
-Funding and project development for Centaurus Metals
I hold AGO, and first time i heard about CTM was through the announcement. Since then have done some homework on CTM and this is a great company who now has the backing of a bigger company (slightly de-risked) has a market in close proximity of the potential mines and is located in a great Iron ore district.
I'm hoping to become a holder some time real soon, i aiming for an entry at around that 8c mark. We will see how that goes.
Mid-Long term BUY for sure.
trading halt, page-13
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Last
43.5¢ |
Change
-0.005(1.14%) |
Mkt cap ! $216.0M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 45.0¢ | 43.5¢ | $11.95K | 27.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42461 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 8278 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| CTM (ASX) Chart |