- Joined
- 28 May 2020
- Posts
- 6,426
- Reactions
- 12,209
CTM - Centaurus Metals
- Thread starter System
- Start date
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,131
- Reactions
- 11,230
Well done Mick.
I'm certainly regretting not taking more off the table at $1.50, but I was being greedy.
I'm taking a punt that the met is ok on the nickel and it's mainly just the resizing of the pit shell and effect on mining inventory that has shifted inputs into the DFS. After the last MRE they had to make some significant changes from the initial scoping studies. Looks like it's going to be one giant open pit and the DFS won't even look at underground mining. Although, that's a bit odd to me considering the shoots go to massive depth and look like they'll continue. So, maybe they've good reason to be delaying the DFS and it's not the met. Sounds like the capex might be much larger than the SS which might shock some punters, but the mill size, production rate and LOM are probably going to be much bigger.
- Joined
- 2 May 2007
- Posts
- 4,708
- Reactions
- 2,938
With $23M cash and high grade nickel, I am still holding my faith on CTM for an opportunity dive into
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,131
- Reactions
- 11,230
With $23M cash and high grade nickel, I am still holding my faith on CTM for an opportunity dive into
I'm counting on long term investors seeing opportunities when it dips. With World class nickel deposits being swallowed up by the majors and Twiggies, this will go at some point. Unless the new Brazilian President decides to sell his soul to China...
- Joined
- 28 May 2020
- Posts
- 6,426
- Reactions
- 12,209
Rueters among others forecasting a Nickel surplus thanks to large new mine in Indonesia.
LONDON, April 27 (Reuters) - The nickel market is facing a massive supply glut this year as surging Indonesian production continues to outpace global demand.
The International Nickel Study Group (INSG) is forecasting a supply-demand surplus of 239,000 tonnes, the largest in at least a decade and a significant increase from last year's excess of 105,000 tonnes.
It also represents a lift from the Group's last assessment in October, when it expected a surplus of 171,000 tonnes for this year.
mick
LONDON, April 27 (Reuters) - The nickel market is facing a massive supply glut this year as surging Indonesian production continues to outpace global demand.
The International Nickel Study Group (INSG) is forecasting a supply-demand surplus of 239,000 tonnes, the largest in at least a decade and a significant increase from last year's excess of 105,000 tonnes.
It also represents a lift from the Group's last assessment in October, when it expected a surplus of 171,000 tonnes for this year.
mick
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,131
- Reactions
- 11,230
@Sean K - what is cooking with CTM. Enormous volume this morning and price rise too.
Very unusual volume. Someone buying the dip perhaps. Hopefully Twiggy or BHP buying a stake.
As Mick points out and has been mentioned here and in the nickel thread, Indonesia went nuts on expanding production last year but the supply/demand supposed to even out this year and a deficit develop in 2024-5. Hopefully the timing is right for CTM to go into development as the supply gap increases.
- Joined
- 2 May 2007
- Posts
- 4,708
- Reactions
- 2,938
Making CTM the dark horse tip
? ?
DrBourse
If you don't Ask, you don't Get.
- Joined
- 14 January 2010
- Posts
- 888
- Reactions
- 2,090
I know nobody asked for my input, but today has been a bit slow, so I gotta do sumthin, may as well just Butt In with my opinions....
CTM Technicals look Good - The CTM CCI was in a similar position back on 8/11/22 & again on 21/3/23 - so a bounce from the Benchmark Candle Formation Bottom Line would Technically be aimed at $1.00 - the open for 4/5/23 would be the confirming signal that the CCI needs - A Green Open would suggest that it's "Thunderbirds are GO" - however a RED Open could spell disaster - I Don't follow CTM, so I had a look at their Financials, and guess wat, They don't have anything that I would call Financial, which is obviously typical for a Penny Dreadful - so as usual with a PD, their progress, one way or the other, is based on the occasional Announcement, and a lot of Ramping and Guesstimates.....
Good Luck you PD Hunters....
CTM Technicals look Good - The CTM CCI was in a similar position back on 8/11/22 & again on 21/3/23 - so a bounce from the Benchmark Candle Formation Bottom Line would Technically be aimed at $1.00 - the open for 4/5/23 would be the confirming signal that the CCI needs - A Green Open would suggest that it's "Thunderbirds are GO" - however a RED Open could spell disaster - I Don't follow CTM, so I had a look at their Financials, and guess wat, They don't have anything that I would call Financial, which is obviously typical for a Penny Dreadful - so as usual with a PD, their progress, one way or the other, is based on the occasional Announcement, and a lot of Ramping and Guesstimates.....
Good Luck you PD Hunters....
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,131
- Reactions
- 11,230
This is good news. I've been a bit concerned with this testing taking so long.
- Joined
- 2 May 2007
- Posts
- 4,708
- Reactions
- 2,938
Will the market get excited on prospective news
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,131
- Reactions
- 11,230
Another discovery sounds nice, but they have enough nickel already to get on with development.
Get the DFS done on what you have, get some off-take agreements locked in, find some cash, buy some buckets and shovels, and get to it!
Once you've produced first nickel sulphate and your EV is triple, I'll sell up and go to Crown and put it on black.
And, you're killing me in the monthly comp, lift your game.
Get the DFS done on what you have, get some off-take agreements locked in, find some cash, buy some buckets and shovels, and get to it!
Once you've produced first nickel sulphate and your EV is triple, I'll sell up and go to Crown and put it on black.
And, you're killing me in the monthly comp, lift your game.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,131
- Reactions
- 11,230
There's something else going on with this. The resource seems to be outstanding in an outstanding mining district. I thought the met might have been off but that's been cleared up. Maybe permitting. Maybe politics. de Silva visited Xi recently, which is not a good sign.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,131
- Reactions
- 11,230
The final stage of the met testwork program complete and shows enough that they can build a plant to deliver a suitable product. This has dragged on a bit and one of the reasons the DFS has been delayed. So, time to crack on team! No reason off-take agreements / MOUs couldn't be pursued from this. Unless Vale are just going to buy everything off them anyway.
- Joined
- 2 May 2007
- Posts
- 4,708
- Reactions
- 2,938
Mate @Sean K
Are you making a great excuse visiting Perth to attend the AGM on this Friday ?
please pm me then.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,131
- Reactions
- 11,230
Would like to, but a bit far for an AGM. Can you ask them to do it in Melbourne next year? Tks.
- Joined
- 2 May 2007
- Posts
- 4,708
- Reactions
- 2,938
If Darren holds the AGM in Melbourne - first person to complaint will be you
. Wasting shareholders' money . May be he change the date of AGM to coincide with AFL final like RBA does
. I am not a shareholder. So you may write to him - LOL
- Joined
- 2 May 2007
- Posts
- 4,708
- Reactions
- 2,938
The AGM to start soon.
Is there any must have requirement to publish a copy of AGM presentation on ASX and by when ?
Is there any must have requirement to publish a copy of AGM presentation on ASX and by when ?
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,131
- Reactions
- 11,230
Dunno. Went up at 11.52. Not much new in the speech and preso. Thankfully no further delays announced. $23m cash as at 31 Mar. Spending about $10m a quarter. Going to have to raise again very soon to get to at least the DFS.
