Whilst smoking my pipe and having an after dinner Sherry - I began musing and my thoughts have led me to believe that CTM will pay handsome profits; 3 to 5 bags within 2 years. How could I be so confident?
Well I read Locantro's Life - How to pick 10 baggers and he says the following;
" With a junior resource companies the two most profitable phases for investors are buying prior to a major discovery, or getting into a stock during the later stages of mine construction where you benefit from the production uplift. Buying at the height of the exploration madness may turn out profitable in the end but it is an avoidable waste of your life. Unless the market has completely missed a significant discovery, this is where I will often lock in some profits and look for the next opportunity."
Now fellow CTM travellers of all stripes & political persuasions - WE are in the 1st stage prior to the major discovery (in all probability due to Salobo's location); BUT we are in the PRE-Prior - awaiting the permit to explore. My understanding of Tony Locantro is that he and investors like him will strike WHEN the permit to explore Salobo is through.......we will see a decent rise and then a second rise on the speculation of what Salobo discoveries may be! I just think we are early to the party - we have our carton of grog & nibbles, but the party does not start for hours!
When CTM goes - she will go off like fireworks night......I wish the best for all holders and hang in there if you can!
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CTM will make us rich.....eventually!
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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 |