CPM cooper metals limited

0.00%

3.6¢

Well the market certainly has a mind of its own. Very soon we...

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Cocky5

1,373 Posts.

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01/06/23

15:23

Post #: 68081906
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Well the market certainly has a mind of its own. Very soon we will be able to buy for the original listing price, November 2021. Seams like a discounted asset to me but I am only one small player in the CPM market.

Originally posted by HeliosUK: ↑

I think it's probably more likely that they hoped to see high grade copper in the report, and have jumped because it's not had any clues given.

Pretty brutal and unfair reflection of the potential here if you ask me. Let's see, June could still prove to be a pivotal month for CPM but for the time being the broader market impacts, combined with paused expectations, seems to take its toll.

As for the number of holes drilled, it could be more than 3-4 @bustanut0 but it could very well be less. If I remember right the average depth they were aiming for was about 120m, but the anomaly we're aiming for seems to go down to considerable depth, so it might be that they're drilling a couple of key and deeper holes there.

Who knows, all speculation, and by the sounds of it we will get news once all holes / 2000m are drilled

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Originally posted by mundial: ↑

I'm not sure what's in this release that warrants such a sell-off? It's definitely low volume but someone's scared.

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Originally posted by Bruce72: ↑

CPM
$0.230
$-0.030 (-11.54%)

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Originally posted by bustanut0: ↑

I think 3/4 holes is conservative. Drilling to conclude end of next week, probably more like 10 holes so far.
Given there is an XRF on-site and they’re prioritizing what is/isn’t analysed, with 500m sent away for testing, that would mean roughly 50m of mineralisation per hole.
Happy to be tested on this logic, however, I do think that this is very positive.

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CPM Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.6¢		Change 0.000(0.00%)		Mkt cap ! $2.820M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.6¢	$1.359K	37.74K

Buyers (Bids)

No.	Vol.	Price($)
2	68507	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	30000	1

View Market Depth

No.	Vol.	Price($)
2	68507	0.035
3	94292	0.034
3	230333	0.033
1	33366	0.030
0	0	0.000

Price($)	Vol.	No.
0.040	30000	1
0.042	50000	1
0.048	90000	1
0.060	476000	1
0.071	15000	1

Last trade - 15.36pm 20/06/2025 (20 minute delay)

CPM (ASX) Chart

Well the market certainly has a mind of its own. Very soon we...

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