CTM - Centaurus Metals

[Miner]

CTM pierced through the roof today.
Two reasons
1. presentation and GOSS at DD conference and 181 Hay Street
2. @Sean K 'S investment cruise in Italy

 

[Sean K]

Looks like it might be crossing the 50dma shortly. Sign of life.

I am still wondering when the nickel sulphide narrative will overcome the cheap laterite crap from Indonesia, if ever.

Is it the bottom of the market?

 

[mullokintyre]

Is it the bottom of the market?

Nah.
Mick

 

[Sean K]

Nah.
Mick

This still looks even more interesting Mick.

 

[mullokintyre]

This still looks even more interesting Mick.

View attachment 184555

perhaps from a charting point of view.
But if we go back and read all the guff about the fundamentals of the stock over the past few months, I can't find anything to drive the stock upwards at least in the short to medium term.
The Capex delays, another cap raising likely, Nickel price fallen back to where it was 3 years ago, the oversupply driven by the Chinese backed environmentally friendly Indonesian mines , a slowing down in the growth of the demand drivers for Nickel - stainless steel batteries.
These are the things that will be hanging around its neck.
I have made my money out of CTM thanks to your original postings, not gunna push my luck.
But good luck to you.
Mick

 

[Sean K]

perhaps from a charting point of view.
But if we go back and read all the guff about the fundamentals of the stock over the past few months, I can't find anything to drive the stock upwards at least in the short to medium term.
The Capex delays, another cap raising likely, Nickel price fallen back to where it was 3 years ago, the oversupply driven by the Chinese backed environmentally friendly Indonesian mines , a slowing down in the growth of the demand drivers for Nickel - stainless steel batteries.
These are the things that will be hanging around its neck.
I have made my money out of CTM thanks to your original postings, not gunna push my luck.
But good luck to you.
Mick

Yes, I'm only looking at the chart and agree with all the rest. Something looks to have changed though if you believe the chart represents the sum of what the market is factoring in to the SP.

 

[Miner]

I suspect, the company has made an off take deal.
Their PFD is a lemon to my opinion.
If we recall Ravensthrope process design criteria was a lemon. Bhp sold to First quantum getting a jailfree card.
But where is Ravensthrorpe now?
So if my speculation comes true then short term price will go up to the peak and stay for some time, but med to long term the rotten smell will be felt.
DNH