It had great results and then ran up to 2.6c because the market expected another round of good results.
imo it's been oversold and will only go up from 0.8c.
Only risk would be a CR but the ann today made a point of saying in the first sentence that the farm in agreement needs no up front cash
Centaurus secures the Pará Exploration Package in Northern Brazil through its existing Strategic Alliance with Terrativa Minerais SA under a farm‐in and royalty arrangement with no upfront cash outlay and all expenditure to be directed into exploration.
Management will be keen to get the SP back up as it's a bit embarrassing they are below the SP of the investor preso in July!!!
imo it's a good STT punt
I'm still learning and have more to read tonight but that's my thoughts for now...
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- Daytrading October 5 afternoon
Daytrading October 5 afternoon, page-139
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