I think sometimes people forget we invest to make money and pick stocks with the highest probability of achieving growth. There are many factors that allow a stock to appreciate in SP:
-A low MC with cash in the bank to fund future milestones [$70M ish can go to $200M with JORC/FS, etc]
-Cheap relative to peers [market has perception of upside]
-Great management [minimises dilution, is efficient, is proactive in marketing, has connections to funds, has connections to Chinese off-take partners, etc]
-Minerals in demand [Co/Cu due to EV revolution]
-A large enough resource for viable/long enough LOM [JORC 55Mt coming, recent acquisition of 85km additional strike, open pit amenable - keep in mind huge resources may never get mined]
-Economical metallurgy [consistent grades, high grade zone potential, low As, bonus credit minerals]
-Favourable mining jurisdiction [Namibia low red tape, stable and safe]
-Confident investors
-Low Capex/Opex [can raise funds for mine and operate at profit]
-A nice bunch of HC posters. Lol.
CLA is at the top of my list: very comfortable!
;D
Ann: AGM Presentation, page-35
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.13M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $3.572K | 300.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 6346092 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 429462 | 3 |
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| Last trade - 15.11pm 17/09/2024 (20 minute delay) ? |
| CLA (ASX) Chart |