CTM 0.00% 47.0¢ centaurus metals limited

CTM The iron ore thread, page-34

  1. 539 Posts.
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    @Silent-Bubbles Correct, i bought 2,500,000 units at 0.0095 they went through at so don't expect the needle to move at all,
    I am prepared to swipe another 11,000,000 shares if some of these peanuts want to drip that price for me slightly lower.

    I seen someone here talk about Atlas Iron getting bought out. CTM will get bought out i reckon and if it does after some approval go in of course the buyout price is way above $0.01 cents...

    The book value of the assets / projects alone on the back end of the iron ore forecast and outlook. I see this been valued at a comfortable $0.05 cents as is.

    I personally think MGX might want to diversify given their Koolan Island mine has only 5 years left in it and they have a war chest of cash/zero debt to play with. Rumor on the rumor mill is they are looking at diversifying outside of just iron ore.

    Either way, i would be wanting as an executive want to look at acquisitions in the near future while the price is here so there is a nice amount of deductibles to put down on the balance sheet in further reporting years when prices may be in a subsidized state. That would be intelligent business.
 
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