I don't see why so many blokes knickers are in knots.
CTM have swapped a BIG maybe [in terms of if they could pull it off, how long it would take to progress, and realistically if that magic resource is there] for a proven resource and great project that is really probably at the limits of what they can handle given money on hand + other things in the works.
I get people are pissed because this was a blind side but look at some simple facts. This project is closer to Itapitanga, similar metal / mining expertise required, and its closer to production for a company like this. If it was Rio or BHP palming off Salobo I'd be pissed but this is a $20M odd market cap company.
Yes, if some dardy drill results come back from Salobo there probably would have been a momentary share price spike, but how many people REALLY would have sold out? Some yes, most no.
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41.5¢ |
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-0.040(8.79%) |
Mkt cap ! $205.9M |
Open | High | Low | Value | Volume |
46.0¢ | 46.0¢ | 41.5¢ | $228.1K | 516.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4999 | 41.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 8000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 4999 | 0.415 |
5 | 53317 | 0.410 |
5 | 41000 | 0.405 |
10 | 107750 | 0.400 |
1 | 17721 | 0.395 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 8000 | 1 |
0.445 | 2349 | 1 |
0.450 | 28227 | 2 |
0.455 | 8000 | 1 |
0.465 | 8000 | 1 |
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