With potentially quite a new investors in the last 24-48hrs and potentially many more reading over the weekend. I figured I would repost my DD Post #:
56902721 and along with upcoming strategy from raise conditions Post #:
56905208.
I had indicated that 30-50M was feasible with so exploration success in the next 6 months. 50M MC is 200% ROI from around now which correlates roughly to the targets i'd quoted on the charting threads.
"Won't re-hash what others have already stated in greater detail here over the last couple weeks and months but will brain dump my summary for logic of investment as follows;
Project Base:
Earaheedy Basin;
Nearology play to RTR and STK. Both having MC 10-20 times CDT's.
Obviously that's all it is currently (nearology), and although the prospective strike seems to be more on their tenements it's definitely in the right area and has the right ground.
Graphite Project;
Proven resource with preliminary met work to support its extractability. There's a few project people can begin benchmarking against and graphite is more complicated sector than most appreciate. But irrespectively 1mT contained. WKT has reserves that large and they're 85M atm. (acknowledge their resource is actually 3 times larger, more advanced, higher grade etc etc but my point just being hey CDT's project isn't worth 0.
Beasley Creek/Success Dome. Prospective for Gold.
Polelle - proven gold resource (albeit small, but with strong exploration upside potential. As others mentioned some GBR news recently close by. Throw in wanganui nearology to operating gold mines
At the Side Well project of Great Boulder Resources Limited (ASX: GBR)1 , 15km to the north of Polelle, the Mulga Bill prospect has become a major focus and is associated with a 5.1km geochemical anomaly. Whilst gold anomalism at Mulga Bill is of a low-order magnitude, drill testing has returned some very encouraging intercepts. The Mulga Bill mineralisation is understood to have an intrusive association, as opposed to the more expected structurally-controlled, orogenic gold association. This has implications for the Polelle project where the presence of small intrusives was suggested by the recent aeromagnetic data interpretation.
And last but by no means lest the lithium tenement application in WA which others have pointed out, you have visuals on exposed pegs. This may be the catalyst wake-up for CDT S/P.
Few other points
4% NSR on azumah's gold project which is advance development
Recently raised capital and price has been well supported since.
I've got a few contacts who I know have positioned in this just below these levels and are also still buying. So I tend to like some of the individuals holding large position here knowing they aren't flipping or going to trade this and hold the S/P in place.
Little speculation entry from me here until such time i've got some more concrete information regarding some results. I've been pushing the 1.6c this morning. Mostly interested in the lithium application and the advanced graphite project. Consider the earaheady basin as probably their best opportunity to discover something substantive - but need to do a little more review into some of the aeromagnetic
My view, and may not be shared, but might be to spin-out or divest some of the non-core projects moving forward. As a micro cap with limited cash, it's hard to developed more than 2-3 projects with any great urgency. Maybe sharpening the focus down on 2/3 (Lithium, earaheedy, graphite) might be 6-12month outcome. whereby they can bring more cash back to the company divesting out the others should good deal arise. Gold isn't a bad market as current so there's an opportunity there.
Of course if the were to feel they're better rewarding shareholder by retaining, say polelle then so be it.
Will add more here over the coming days and weeks as further DD and more research is done. For now i'll take a back seat to other better read here than myself. sub 12M EV provides a fairly good opportunity with zero exploration success. Some decent exploration results of any one of the prospective projects could prove very favourable.
*sentiment buy reflecting action today
Oh also the chart. Note the weekly indicators are fairly favourable and historically these indicators all being bullish has coincided with the start of a decent sort of move.
Positively is the increasing MACD turn. Underlined in blue showing that each subsequent move is being supported at higher level. A turn above the zero on the MACD is generally very bullish.
Will find resistance at 1.8c on the blue trend line alternatively might hit the 2.1-2.2 as previous highs. Looks amazing past that. I'm buying at 1.5-1.6c know a few others doing the same which from a T/A perspective should set 1.6ish as the new floor of support.
On the monthly, it's the first green heiken. The last 3 times a green heiken was thrown it's thrown 3months, 5 months and 4months, of subsequent green.
There's a tenative call for a fibbonaci pattern which would require a test to 2.1-2.2c either retrace and support on 1.6c. Target would be 3.1c Which is only 25M MC - not really all that outrageous on the project base and nearology to some pretty tier 1 projects.
Enough from me, as mentioned small starter/speculation entry. Will review as more detail comes to light."
You'll note that I had called the 2.1/2.2c break and also indicated a 3c target the same i am sticking with on the charts today.
The below essentially where the team delineated the strategy. Well namely where they expected to allocate funding. Raise 10% of MC is right where you want to be. Less and it doesn't give a good balance sheet, more and it's ultra dilutive.
IMV they'll use this round of funding as prescribed below on projects where they already have a more intimate knowledge of ready targets.
The Lithium tenement application highlighted Post #:
56898428 and Post #:
56904207 Post #:
56582879 are more likely to come under assessment next time around.
As in 6-12months from now post this initial expenditure on the other projects inclusive of drilling they can also perform low cost assessment of the lithium tenements over next 6 months.
From there I imagine CDT is hopefully trading at a larger premium based on the opportunity of the projects and ideally some exploration success in the next 3-6 months. You're then talking ideally about a 30-50M MC company looking to raise 5-7M for it's next round of development. (Likely including what appears to be the at surface pegmatites.)
Just my view.
Also recommend watching this. I did other the last few days and made notes/investigation from there also.
Hope that help to affirm what their direction is. If still concerned give the team a call.
Here it straight from the horses mouths - It's always part of my DD.
SF2TH
