I'd disagree about a takeover any time soon, I think AGO will wait until CTM get the company into production (they will now advise CTM and will help them implement the AGO business/growth model). Once the company is somewhat de-risked (started producing) and identified the project that they are looking to ship out 12-15mtpa of high grade ore for a minimum of 10 years is when AGO will either help them fund that project or at that stage takeover/merge the two companies.
-Diversification for Atlas Iron
-Funding and project development for Centaurus Metals
I hold AGO, and first time i heard about CTM was through the announcement. Since then have done some homework on CTM and this is a great company who now has the backing of a bigger company (slightly de-risked) has a market in close proximity of the potential mines and is located in a great Iron ore district.
I'm hoping to become a holder some time real soon, i aiming for an entry at around that 8c mark. We will see how that goes.
Mid-Long term BUY for sure.
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Last
39.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $196.0M |
Open | High | Low | Value | Volume |
37.5¢ | 39.5¢ | 37.5¢ | $111.6K | 288.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12299 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.5¢ | 22593 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12299 | 0.385 |
1 | 50000 | 0.375 |
2 | 5801 | 0.370 |
1 | 20000 | 0.355 |
1 | 54198 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.395 | 22593 | 2 |
0.400 | 30000 | 1 |
0.405 | 10666 | 1 |
0.410 | 33333 | 1 |
0.420 | 25331 | 3 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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