CTM 0.00% 43.5¢ centaurus metals limited

Yes, DG certainly did say he thought we were undervalued (at...

  1. 543 Posts.
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    Yes, DG certainly did say he thought we were undervalued (at $1.15), which I very much liked in his Resources Rising Stars presentation. I have used this pullback as an opportunity to add quite a number of CTM shares to my portfolio, but must say there is certainly a hidden seller in the mix which I've noticed with large buy orders (50-100k parcels) instantly executing, not to mention the bots at play adding buys/sells on every bid I place. Bots are a good thing here though, it proves that there's serious interest in CTM and that larger players than us are trying their best to build a better position.

    CTM had an unusually large BUY wall of circa 500K shares at $1.05 today, which a seller took out and pushed SP back to $1.03, but the fact it closed on a high of $1.07 today shows there's a lot of interest happening behind the scenes. DG did mention that 70% of the shares are held by the Top 20, which leaves 30% for the market to fight over, making it quite challenging for someone to build a new position without moving the market too much.

    Good days are ahead for CTM, use this month's volatility to build a bigger position if you can. A lot of retail will be sitting on profits here so tax time selling of CTM is a factor, and provides an opportunity for those wanting a larger position to get shares from those wanting to lock in some profits prior to June 30. Bring on July!
 
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Last
43.5¢
Change
0.000(0.00%)
Mkt cap ! $215.8M
Open High Low Value Volume
43.0¢ 45.0¢ 42.5¢ $73.96K 169.9K

Buyers (Bids)

No. Vol. Price($)
2 29545 43.0¢
 

Sellers (Offers)

Price($) Vol. No.
45.5¢ 6802 1
View Market Depth
Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
CTM (ASX) Chart
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