To find8's points:
This company has proven nothing and perpetually disappoints. The dumping is not irrational given the imminent Qrtly which will disappoint many with its low production.
CTO has $15m of convertible note debt secured against $30m of its assets.
We don't know that it's all happening and "just a matter of time". Nor is it known that it will achieve 100 ozs of production. The reality of meaningful production, where cash inflow meets all costs, is a complete unknown with this company.
I was about to post that I'd give the price a good chance of holding at about 20c. There's strong recent support there on the weekly chart. I see that it's gone straight through to 18c, lol. If it can recover a bit and 18c was the low then it will still not have put in a lower weekly low. That is, uptrend intact so far.
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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¢ | $817 | 193.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 14410520 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 5424820 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 14410520 | 0.004 |
13 | 7367354 | 0.003 |
7 | 6515025 | 0.002 |
8 | 10802988 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5424820 | 10 |
0.006 | 2180000 | 4 |
0.007 | 63000 | 1 |
0.008 | 4369194 | 7 |
0.009 | 1537558 | 4 |
Last trade - 12.11pm 05/07/2024 (20 minute delay) ? |
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CTO (ASX) Chart |