If anyone on this forum of untold wisdom is following CTM, could you please give you your perspective on current CR at 5.5c, the 2.5BN SOI, and whether cancelling unlisted 3.5m unlisted options not due until 2022 at a strike price of 1.5c is a sign of doom for option holders (myself) who hold OBs with a strike price of 1c due to expire Aug 31 this year. This is one of my on and off LT hold and sells. They've got some excellent tenements, but the Brazillian government has been dragging its feet completing the environmental licence for the major Salobo play.
Please, only provide some feedback if you've been on and off following (or are currently holding) CTM. The CTM thread is full of.. well, let's just say, they're inexperienced or have fallen in love with promises of riches beyond their wildest dreams. So it's a bit difficult to get any objective analysis over there. I full well know how these situations play out most of the time, but I was holding out hope due to their nearology and their good management recently - plus they have a major Iron Ore project, JORC'ed and ready to roll that I was hoping someone might buy on account of the recent ore prices and Vale's explosion,
Cheers.
p.s. @sci9249 the 6% dump was what I was concerned about. Crossing my fingers for holders, but the current price I saw as purely technical, the FA didn't support it - hence my dump and run. But who the hell knows..