I'd hardly call an $8.5M market cap a "pump"
Take out cash of $3M, you are left with $5.5M EV
With IO prices where they are, safe to say that is a done sale. So another $1.5M expected to come into the coffers ... EV down to $4M
Then what do you value Serra and Solobo I, within Solobo II pending ? Just $4M for those assets ?
Shells like CAV trading with $8M EV, double that of CTM !
If you ignore the IO and Serra (so allowing for no sale and dud results), simply holding those Solobo assets should warrant an EV of $10-15M
I think CTM will easily sit at 1-1.5c in September, which is a $17-30M cap
I'd hardly call an $8.5M market cap a "pump" Take out cash of...
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Last
42.0¢ |
Change
-0.020(4.55%) |
Mkt cap ! $208.6M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 41.0¢ | $44.19K | 104.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7842 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 15894 | 1 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| CTM (ASX) Chart |