It probably explains yesterdays peak and sell off as well....albeit on low volumes.
Very modest success here in this initial round of results. But at least they are expanding the drill program which shouldn't gobble up too much money.
But this is not the major game here as we all know. So I expect the chart to restore momentum in the near term.
LI (Installation License) was mentioned to drop in Q4 which should be the next major catalyst, unless we get a smaller than expected cash balance at end-Sep in the quarterly which could cause a speed wobble.
Macro for nickel seems more hospitable than the previous 18 months. And with Green Nickel pricing seemingly more likely than previously, it is allowing low CO2 sulphide project to regain a much needed re-rating.
CHN is also benefitting here.
CTM Price at posting:
54.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)