Australia's largest stock trading and investment forum Australia's #1 stock forum

CTM

Click for more information

1.03%

49.0¢ centaurus metals limited

Ann: Successful Completion of $47M Share Placement, page-80

First 80 Last

Share
Profile

Follow
ironoreman

1,501 Posts.

120

03/08/23

17:06

Post #: 69142683
Share

Originally posted by TwoFreshPlums: ↑

imho when you look at the valuations of CTM's in-country peers like HZM and BRVO, theres no doubt in my mind that us small fry got screwed over with this half-price placement to the big boys

CTM doing a placement to the big boys only at a valuation of $300m means us small fry get diluted more than was needed

i cant believe that a world class, tier 1, class-1 nickel deposit with leading ESG credentials, during an EV revolution and in an environment where M&A is very active for sulphide deposits of scale, is only worth a few hundred million piddly aussie dollars

can someone more smarter than me please explain why CTM says this is only worth $300m?

mind you, remember that before they acquired Jaguar, they had a MC of $30m. after acquiring Jaguar, they have raised $110m up until this placement. so in effect, this $300m valuation should be discounted by $140m. on this maths, where is the value-add they have supposedly created over the 4 years since they acquired Jaguar? why only a measly $160m of value-add over 4 years?

Expand

How did you get screwed?! You had the opportunity to buy at the same price!

Value-add comes when the market believes this will get into production.

CTM Price at posting: 79.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

What's causing the cost-of-living crisis, and how to navigate it

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

There are more pages in this discussion • 11 more messages in this thread...

First 80 Last

Add CTM (ASX) to my watchlist

(20min delay)
Last 49.0¢		Change 0.005(1.03%)		Mkt cap ! $243.3M

Open	High	Low	Value	Volume
48.5¢	50.8¢	47.0¢	$240.7K	493.0K

Buyers (Bids)

No.	Vol.	Price($)
1	100000	48.0¢

Sellers (Offers)

Price($)	Vol.	No.
51.0¢	130000	2

View Market Depth

No.	Vol.	Price($)
1	100000	0.480
1	100000	0.470
1	4850	0.460
3	13443	0.440
2	30000	0.430

Price($)	Vol.	No.
0.510	130000	2
0.525	46240	2
0.530	7000	1
0.540	72250	4
0.545	7843	2

Last trade - 16.10pm 18/10/2024 (20 minute delay)

CTM (ASX) Chart