That is true but what you must also realise is the potential for this stock to hit 4 or 5c in the event of good news. These companies are always a gamble because the share price is somewhat related to the probability of finding gold. I am sure that myself and many other people here are willing to hold onto a loss in the short term so when CTM eventually do find something we will be rewarded appropriately. The difference between this stock and others is that CTM is well managed hereby increasing the probability of finding something eventually in the medium to long term.... Multiple ongoing projects ensures that the companies performance is not entirely dependent on a single result. Had this been the case, today we may have been looking at 0.8 c per share or worse.
IMO it is worth losing 50% of an investment in the short term at a chance of making 400-500+ % in the long term....
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Last
38.5¢ |
Change
0.080(26.2%) |
Mkt cap ! $191.0M |
Open | High | Low | Value | Volume |
30.5¢ | 40.0¢ | 30.5¢ | $421.0K | 1.178M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.5¢ | 11639 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2559 | 0.405 |
1 | 2000 | 0.390 |
3 | 10463 | 0.385 |
2 | 850 | 0.380 |
1 | 28514 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.365 | 2559 | 1 |
0.370 | 1992 | 1 |
0.380 | 4570 | 1 |
0.390 | 25300 | 1 |
0.395 | 11639 | 1 |
Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
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CTM (ASX) Chart |