You could ask Rick directly. He's an amenable person and open to enquiries that are not personal. I don't see any evidence that he is simultaneously spruiking and selling at the same time; on the other hand it's not unusual to sell in a down market even though you like a company, because that company does not exist in a vacuum. Finally, I would suggest that he, as a sophisticated investor and speculator, has more irons in the fire than just CTM and may be shifting positions on the regular.
My own take is that a great deal of money has diverted away from commodities in general, especially Lithium and Nickel. The market is depressed and sentiment is low. CTM has failed to produce a DFS on-time twice. I happen to think that is a strategic decision and not incompetence. If the DFS is not delivered this time, it will be because of the macro-economics rather than anything CTM has failed to do. There is no point CTM committing to a mine if the cost of debt is going to be prohibitive and irresponsible. They can sit on the Nickel as long as they want, it isn't going anywhere. I don't really care what Sprott or Rick does, I make my decisions based on market technicals and fundamentals.
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Last
42.0¢ |
Change
-0.005(1.18%) |
Mkt cap ! $210.8M |
Open | High | Low | Value | Volume |
43.5¢ | 43.5¢ | 42.0¢ | $28.59K | 66.87K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 29906 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 8533 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 29906 | 0.420 |
2 | 5511 | 0.415 |
6 | 43654 | 0.410 |
4 | 30900 | 0.405 |
13 | 116650 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 8533 | 5 |
0.435 | 27405 | 2 |
0.440 | 1484 | 1 |
0.445 | 1538 | 1 |
0.450 | 6958 | 1 |
Last trade - 11.54am 27/06/2024 (20 minute delay) ? |
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CTM (ASX) Chart |