CTM (ASX) News: CTM Centaurus Metals Seeks Trading Halt

Originally posted by Silent-Bubbles ↑

The writing has well and truly be on the wall folks ...for those who have cared enough to take note and listen. There was obvious reasoning's and market forces taking this down a notch ......on what amounted to no less than 4 occasions with decisive and massive dumping sessions since July / August through to where the SP currently sits. And you can't say that this wasn't mentioned .....with the obvious smart ' accumulation ' money ' switching ' and positioning ahead and down to the next Buy in price.

Unfortunately, the quicker some realize the Market is all about averages , averaging , and probabilities , the better off a trader you will be. So when I speak of Averages , I am referring of the relationships of not only Oppies to heads , but Stock to Stock in same sectors right down through to First Buy entries - Accumulations - to Last Buy entries. The market is indiscriminate to where it makes it's money. In the case of CTM , it is another classic example of ' what the Market wants , the Market will undoubtedly get '. And it clearly got what it wanted through this designed and staged down stepping of the SP.

Proof of this , and I am not quite sure how many actually realize this - but if one looks back at the trading of the OB's , you will find that no less than 494,906,632 of the CTMOB's or 79.4% have changed hands out of the possible total of 623,049,575 since 14th March 2018 to now. And all at prices of mostly between .005 to .008 with many even at higher.

So it only stands to reason that the ' switch ' has been on as I mentioned some posts ago. Not all bad though folks , as it indicates a strong belief in the story by traders and Investors and goes a long way to the ' Averaging ' of their losses and pegging them to the shorter term and incremental upside in the Heads. And the bottom line folk's is this ' Switch ' which has been cleverly orchestrated provides most of these entries on the heads at what amounts to the same prices the losses have been calculated from. That being the ' Average ' prices paid on the OB's of .007 and thereabouts.

So It's all about the Math folks and it was always going to be a bit ' indigestive ' to have been able to convert all those OB's. The shear increase to the SOI would definitely have scared many an underwriter away in this present climate. I can't think of a single one out there that would put their credibility on the line for this sort of volume. We barely got over the line with the OA's . These are just my opinions , however in balance , I believe I have been correct and justified in what I have been saying. I've have had my orders in the Que at .005 for a long while now - and not .001 as some have suggested

Best of Luck to All ......

Expand

You touch on the SOI.
The number of shares on issue will grow to 2.6billion once the share issue is completed. At some point management has to go for a very sizeable consolidation surely. The argument I know is that consolidations always bring down the share price, but we can't go on with 2.6 billion forever and at some point, perhaps when we have some positive news to mix with it, this should be tackled. Or do you think we wait till Itapitanga and possibly Jambi start bringing in revenue streams and we then do a buyback?

No.	Vol.	Price($)
1	44989	42.0¢

No.

Vol.

Price($)

44989

42.0¢

Price($)	Vol.	No.
43.0¢	1235	1

Price($)

Vol.

No.

43.0¢

1235

No.	Vol.	Price($)
1	21524	0.370
1	50000	0.355
1	28000	0.350
3	58210	0.345
2	19000	0.340

No.

Vol.

Price($)

21524

0.370

50000

0.355

28000

0.350

58210

0.345

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

Price($)

Vol.

No.

0.380

7000

0.395

22197

0.400

61978

0.420

15331

0.430

10000

(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

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