Ann: Semi-Massive, Massive Nickel Sulphide Hits at Onca Preta, page-19

Today is a classic example of how CTM trades on announcements.

On a good announcement it runs very hard for a short period until the buyers have run out of money, it then gets sold down into with on very thin depth and then gets slowly bought back up either intra day, or over time until the next announcement.

Everyone is basically set and what remains of the "free" float (about 37% outside the T20) is very sticky, so there is not a lot of "free free" float up for grabs, if you know what I mean.

I have turned off CTM from my watchlist. I just look at the chart, and look out for announcements. There's good banter here, but I can't allocate too much time to this at the expense of managing other opportunities more closely.

Like I said earlier, this project is a "lock", and each announcement confirms it.