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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34.5¢ |
Change
-0.020(5.48%) |
Mkt cap ! $171.1M |
Open | High | Low | Value | Volume |
36.5¢ | 36.5¢ | 34.5¢ | $62.87K | 178.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7486 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 633 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7486 | 0.345 |
2 | 60000 | 0.340 |
1 | 30000 | 0.335 |
4 | 50080 | 0.330 |
3 | 272085 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 633 | 1 |
0.355 | 14084 | 1 |
0.365 | 27397 | 1 |
0.370 | 16696 | 1 |
0.375 | 30000 | 1 |
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