Ann: Itapitanga Initial High Grade Auger Drilling Results, page-54

Hello JandJ,

That arbitrage seems like a bit of work, but would would be nice to put that deal together.

Having a look at OA's If you are happy to purchase and then convert to shares , they seem like a cheap way to purchase. 2 cents down with 10 to follow in a month. The only risk is if the price for the shares falls below 1.2 cents. but the upside is you can lock in 1.2 cents , which I feel is great price considering my long term view.
PS . I don't think ill be eating puffer fish on this one , as I like the management of this company , I plan to convert and CTM have a few irons in the fire.
If you have to sell because you don't have funds to convert, well than that's a different story, this could be why the current price is hovering between 1.1 - 1.2 ( some hoping to exit at 1.2 to raise funds to take up the oppies)
Anyone buying OA's at 1 cent( or mabie 2 cents) would have this same strategy i reckon.

On another note alot of my small caps are flat at the moment not just CTM.

Food for thought