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0.97%

52.0¢ centaurus metals limited

Ann: Chairman's Address to Shareholders, page-26

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sirhcdobo

277 Posts.

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31/05/19

15:59

Post #: 38850340
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Originally posted by sirhcdobo: ↑

IM not so sure about "they can not navigate the regulatory process without a major" .

I think it is entirely down to finances. they dont have the money to carry out the drilling at the moment, and they are limited in their ability to raise any cash having just completed a cap raise and with the amount of SOI. they cant go with debt because they have no revenue streams.

I imagine that they will rely on the oppies being converted to have enough cash to actually do the drilling. I am sure that they are now working hard to find someone to underwrite the oppies, but if they are not converted they simply have no other option but to JV with someone else.

there are advantages to this, it will reduce the risk (something not to be sneezed at with a company that is at absolute minimum 1.5 years from having any income) but will definitely be giving away some of the prize.

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ps. come on baby churn through those 0.09 and take a stab at 0.01 it would be nice to see my CTM holding back in the green.

CTM Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 52.0¢		Change 0.005(0.97%)		Mkt cap ! $258.2M

Open	High	Low	Value	Volume
50.0¢	52.0¢	49.5¢	$125.9K	250.1K

Buyers (Bids)

No.	Vol.	Price($)
2	2124	49.5¢

Sellers (Offers)

Price($)	Vol.	No.
53.0¢	30338	2

View Market Depth

No.	Vol.	Price($)
2	2124	0.495
3	45223	0.490
2	52000	0.485
1	259	0.480
2	27200	0.470

Price($)	Vol.	No.
0.530	30338	2
0.535	100000	1
0.540	66365	7
0.550	2287	1
0.580	100000	1

Last trade - 16.10pm 10/10/2024 (20 minute delay)

CTM (ASX) Chart

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