Hello JandJ,
That arbitrage seems like a bit of work, but would would be nice to put that deal together.
Having a look at OA's If you are happy to purchase and then convert to shares , they seem like a cheap way to purchase. 2 cents down with 10 to follow in a month. The only risk is if the price for the shares falls below 1.2 cents. but the upside is you can lock in 1.2 cents , which I feel is great price considering my long term view.
PS . I don't think ill be eating puffer fish on this one , as I like the management of this company , I plan to convert and CTM have a few irons in the fire.
If you have to sell because you don't have funds to convert, well than that's a different story, this could be why the current price is hovering between 1.1 - 1.2 ( some hoping to exit at 1.2 to raise funds to take up the oppies)
Anyone buying OA's at 1 cent( or mabie 2 cents) would have this same strategy i reckon.
On another note alot of my small caps are flat at the moment not just CTM.
Food for thought
- Forums
- ASX - By Stock
- Ann: Itapitanga Initial High Grade Auger Drilling Results
Hello JandJ, That arbitrage seems like a bit of work, but would...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTM (ASX) to my watchlist
|
|||||
Last
38.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $191.0M |
Open | High | Low | Value | Volume |
38.0¢ | 39.0¢ | 38.0¢ | $19.01K | 49.61K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 21376 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 17245 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 21376 | 0.380 |
2 | 7244 | 0.375 |
3 | 12645 | 0.370 |
1 | 3000 | 0.360 |
1 | 2000 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 17245 | 5 |
0.395 | 29916 | 6 |
0.400 | 69941 | 5 |
0.405 | 4900 | 1 |
0.420 | 20231 | 3 |
Last trade - 11.46am 06/09/2024 (20 minute delay) ? |
Featured News
CTM (ASX) Chart |
The Watchlist
RMX
RED MOUNTAIN MINING LIMITED
Lincoln Liu, MD
Lincoln Liu
MD
SPONSORED BY The Market Online