All in Opinion:
I've been a holder of CTM back in the days when Atlas Iron had a small holding in CTM and have been waiting for a long time for this opportunity to get in cheap cheap. In 2011 CTM as an IO explorer was 75c per share. I've only recently accumulated around a million shares at lows. Small parcel really but I need the current SP to increase before I'm in the green again. That's not my concern because I think we all know where CTM is heading. Higher...
I originally held CTM because of its quality IO potential and relatively close to port locations. Unfortunately when the IO market collapsed it suffered along with the rest of the market (including AGO which was targeted for a TO last year at the end of the IO bear cycle by MIN and Gina won the bid) but the CTM management did well in exploring alternate resources during these doomy years to get it where it is now at the beginning of the multiyear commodity bull market. It also has quality IO resources which increases its chance of a future JV.
What we have with CTM is a totally different beast from back then with plenty more resource upside. If it ran all the way up to 75c on the back of IO exploration alone what do you think will happen as the EV, battery storage disruptive market ramps up into the future? Lithium, Cobalt and Nickel players especially will boom. The party is only getting started in this emerging market and for CTM.
As the commodity market in general lights up with upside as now overpriced sectors come back to earth from multi-year highs you will eventually see money flowing into miners where profits will rule the roost in an increasing inflationary environment as finite commodities get dearer and profits ramp up. CTM is a gem in the rough in my eyes and I'm happily holding. Not giving away a single share until I'm ready to part with them on my terms when the market gets its head out of the sand and values miners accordingly.
The EV and battery storage market is only in an infancy stage so that is only just getting started in a disruptive market to a century old ICE and fossil fuels.
The market seems to be asleep at the wheel when I comes to CTMs potential. Just wait for it and this baby will be significantly higher in the future.
Good luck all.
- Forums
- ASX - By Stock
- CTM
- Ann: High-Grade Nickel and Cobalt Assays from Itapitanga Trenches
Ann: High-Grade Nickel and Cobalt Assays from Itapitanga Trenches, page-16
-
- There are more pages in this discussion • 97 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 CTM (ASX) to my watchlist
(20min delay)
|
|||||
Last
42.5¢ |
Change
-0.005(1.16%) |
Mkt cap ! $205.9M |
Open | High | Low | Value | Volume |
43.0¢ | 43.0¢ | 42.0¢ | $34.45K | 80.53K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 44989 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 1235 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 21524 | 0.370 |
1 | 50000 | 0.355 |
1 | 28000 | 0.350 |
3 | 58210 | 0.345 |
2 | 19000 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 7000 | 1 |
0.395 | 22197 | 3 |
0.400 | 61978 | 2 |
0.420 | 15331 | 2 |
0.430 | 10000 | 1 |
Last trade - 15.28pm 15/11/2024 (20 minute delay) ? |
CTM (ASX) Chart |