To find8's points:
This company has proven nothing and perpetually disappoints. The dumping is not irrational given the imminent Qrtly which will disappoint many with its low production.
CTO has $15m of convertible note debt secured against $30m of its assets.
We don't know that it's all happening and "just a matter of time". Nor is it known that it will achieve 100 ozs of production. The reality of meaningful production, where cash inflow meets all costs, is a complete unknown with this company.
I was about to post that I'd give the price a good chance of holding at about 20c. There's strong recent support there on the weekly chart. I see that it's gone straight through to 18c, lol. If it can recover a bit and 18c was the low then it will still not have put in a lower weekly low. That is, uptrend intact so far.
To find8's points:This company has proven nothing and...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CTO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.001(11.1%) |
Mkt cap ! $15M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $20.50K | 4.553M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 13896816 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 8582633 | 8 |
View Market Depth
| Last trade - 15.22pm 26/07/2024 (20 minute delay) ? |
| CTO (ASX) Chart |