Australian (ASX) Stock Market Forum

CTM - Centaurus Metals

Sean K

Moderator
Joined
21 April 2006
Posts
17,527
Reactions
3,124
Might not be long before Sprott's target is hit at this rate. There must be a decent pause and healthy correction / sideways consolidation at some point.

Screen Shot 2022-04-19 at 1.47.16 pm.png
 

Sean K

Moderator
Joined
21 April 2006
Posts
17,527
Reactions
3,124
Blood on the streets and there's only a few things green. This is great for those who have been on the sidelines and willing to top up on longer term fundamental plays. CTM has a history of advance, retreat, repeat to higher levels over the past 2 years. Still way off Sprott's longer term price target identified previously. But, with talk of commodities topping out after crazy increases due to geopolitics and bad trading, maybe there's a longer term pause. Maybe not. Maybe this is just a shake out of short term players. The 200dma and diagonal trend should be support.

Screen Shot 2022-04-27 at 10.59.39 am.png
 

Sean K

Moderator
Joined
21 April 2006
Posts
17,527
Reactions
3,124
CTM has been smashed the past couple of weeks, beaten back down to a dollar ish with metal prices hammered recently. Zn, Sn, Ni, Cu, Pb, etc all off massively the past month. Maybe a correction overdue after the previous 12 months run up in prices.

Good infill results out for CTM, de-risking the project. Would really like to see further extension drilling success though to push it towards the 1m contained Ni.

MC back under $500m. 730K contained Ni @ $27K a ton = about $20b in the ground.

Screen Shot 2022-05-16 at 9.37.36 am.png
 

Garpal Gumnut

Ross Island Hotel
Joined
2 January 2006
Posts
11,306
Reactions
4,272
Well, someone just spent over 4 Big Ones on them at the open. I wonder if the gap will be filled.

CTM.png


gg
 

Sean K

Moderator
Joined
21 April 2006
Posts
17,527
Reactions
3,124
Back into CTM this morning on a partly filled order.
Will accumulate at anything around 92 or 93.
Mick
This should be one of the explorers / developers to spring back once the blood is dry. Not sure if it's dry yet. Longer term, nickel is still going to be a much in demand metal. Much like copper.
 
Top