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Centaurus Metals Limited

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CTM trade ideas

CTM @ 15 OCT 2021Text me if you have any questions/comments for me. ----- CTM - Previous analysis was done on 9 Sep - Suggested waiting for successful rebound before plotting entry - Since then, the stock has gapped up to test a resistance at $1.10 levels, retraced back to the mid-term support and re-tested the overhead resistance - In 2 subsequent FB livestreams, I have recommended plotting entries using breakout strategies instead of rebound strategies - Friday’s price action is a false breakout accompanied with above average volume - Potentially, the stock could retrace again to a tested support before rebounding back to the $1.10 resistance levels - If this happens, it will form a cup and handle chart pattern which sometimes leads to a strong breakout - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout before plotting entry
ASX:CTM
by Jerm88
CTM in descending triangle and thoughts on a breakoutDescending triangle pattern looks like being established, although I'd like to see three verifications of the pattern rather than the two we have here. I am considering the following three possibilities going forward... Option 1: Breakdown within triangle to 0.465 before resuming upward trend. Option 2: Breakdown out of triangle to 0.395 (top of 'GAP' and 200 day average) before resuming upward trend. Option 3: Breakdown out of triangle to 0.345 (effectively filling the 'GAP') before resuming upward trend. I have seen the GAP filling idea in operation before, but can't remember where. It will be interesting to see if that happens here.
ASX:CTMLong
by Mugginns
ASX:CTM Words RequiredIntro Preface Monologue Australian/global Kleptocrats continue the pillaging of resources for self serving purposes while leaving the homeland country with nought either by selling juniors to increase ponzi balance sheets of other ASX majors at a fraction of their value at shareholders expense or pay gigantic fees and 'capital raising' sale of shares into offshore accounts, effectively printing money (stock fiat) by selling/marketing dreams. I sometimes wonder what all those off balance sheet major banks derivatives are? I like to think of it as the penny dreadful Crookislands offshore cash hoarding emergency allocated derivatives scam, hence forth know as (PDcocheads) scale, since acronyms are all the rage these days. The PDcocheads scale is out of 9, increasing non linearly similarly to Richter. Contributing factors of the PDcocheads scale include but aren't limited to, grossly over paid directors, fake news released at technical market tops to create volume to sell into FOMO, convertible notes, anti dilution clauses for major share holders, bloated upper management, unsustainable project lists (land hoarding), stock forum non-sense cheer leading, inversely flaming at technical market bottoms and others (you get my drift). I am a well qualified highly experienced non financial engineer, not qualified to give financial advice, hence, the PDcocheads scale is of comedic nature only, also known as get a sense of humor you nob. An informal look at human nature, cronyism, the nature of all things mathematical, geometric (scared?), Fibonacci and the like. Feel free to use the PDcocheads scale in your own evaluations. I rate myself a 9/9 so don't waste your breath and make financial decision at your own risk. CTM Specific Chart pretty much speaks for itself. Cheer leading nonsense on forums is strong, which is always a worry. If I was a crony I'd keep that stock price hard against the red upper regression line while pumping the dream and raising more capital to sell to anyone dumb enough to buy it. Chart certainly 'looks' divergent, hence full disclosure I have a small position at 0.008. Id rate this one roughly 4/9 with its true nature to reveal itself in due course.
ASX:CTM
by UnknownUnicorn2695568
1
CTM.ASX cycle linesCycle lines are one of my favourite things. Not only can you get an indication of potential price, but there is also possibly the more critical factor of getting your timing right. This is a chart that I had done long ago and I found it while trawling through an old watchlist. As such, the lines on here are for a arithmetic chart, not a log chart as shown. I work off an iPad normally so you’ll be lucky to get another chart out of me. However, in order to get the cycle lines to match up sacrifices had to be made. As you can see, since mid 2014 there has been a repeating cycle of roughly 1 and a half years duration. It appears that at the time that it has reached the bottom of this cycle that it is gearing up for another run. However, we appear to be blessed, as the coincides with a rounding bottom drawn in with pink. If the cycle continues, a primary target of 0.017 can be set. However if a breakout occurs at that point a secondary target is available to 0.046, based on a previous level of resistance.
ASX:CTMLong
by MadButcherWA
CTM LongCentaurus Metals (ASX: CTM) is an ASX listed exploration company offering highly leveraged exposure to a rich asset base in Brazil including exciting new greenfields copper-gold, nickel-cobalt and iron ore exploration projects. The Company is maintaining an aggressive exploration program across its Brazilian asset portfolio, aimed at generating new discoveries to deliver shareholder value. Centaurus’ core focus is on its +250 sq km landholding in the Carajás Mineral Province, one of the world’s premier mining addresses. The Carajás Mineral Province hosts current resources totalling more than four billion tonnes of copper gold ore. Centaurus Metals is pleased to announce that the first exploration activities at its newly acquired Itapitanga Nickel Cobalt Project in northern Brazil have returned high grade cobalt mineralisation of up to 0.52% cobalt (Co) in rock chips and 0.19% Co in channel samples With exploration activities set to ramp up again significantly over the next two months, the Company has already mobilised its exploration team to the project and a broad soils and auger drilling program is underway. First results from soil sampling and auger drilling are expected in the coming weeks. Concurrently with the extensive work being undertaken now on the Itapitanga Project, the Company continues to plan for its maiden diamond drilling program at its flagship Salobo West CopperGold Project, which is scheduled for May/June after the end of the current wet season, and its initial RC drill program at its Pebas CopperGold Project which is planned to start after the first round of RC drilling at Itapitanga is complete. Similar results at itapitanga project to the jacare deposit which is close by and is one of the highest cobalt grades globally Licencing for drilling at Salobo West advanced with the relevant approvals anticipated to be available in H1, 2018 to facilitate the start of drilling following the end of the regional wet season in May 2018. CORPORATE Cash Position At 31 December 2017, the Company held cash reserves of A$0.82 millConcurrently with the extensive work being undertaken now on the Itapitanga Project, the Company continues to plan for its maiden diamond drilling program at its flagship Salobo West CopperGold Project, which is scheduled for May/June after the end of the current wet season, and its initial RC drill program at its Pebas CopperGold Project which is planned to start after the first round of RC drilling at Itapitanga is complete.ion. Should R3M complete the minimum work program before the end of March, they can elect to extend their option over the Project for a further six months. Should they decide to exercise the option, they will be required to pay Centaurus R$3 million (A$1.2 million) as a non refundable advance of a 12% production royalty
ASX:CTM
by heywood29