Why can't he be here? Non-holders must be welcome provided they express themselves constructively.
Valuations are always difficult at this stage, easy to criticize though. But there's one thing that you can't quantify at any stage - the quality of management.
@8horse would seem to be a Buffett fan, based on his signature block, so he'd be well aware of Buffett's principle of valuing management over the underlying assets of a company. I sold my final position in a DRC spec that @8horse promotes about 3 weeks ago. I kept selling because management kept stumbling - communication and capital structure management was appalling IMO. The company has a tier 1, world-class albeit isolated asset. In comparison, CLA has a large, simple sulphide, above average grade co. resource that's close to good infrastructure and has a management that keeps kicking goals, making tier 1 management decisions to date.
My point... I also value people over underlying assets. In CLA, I see great people and a solid co. asset, and we'll soon have a good indication of its profitability through the SS.
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.70M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $159.9K | 15.01M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 6692274 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 1751934 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 4892274 | 0.010 |
12 | 5725441 | 0.009 |
7 | 6855074 | 0.008 |
2 | 588560 | 0.007 |
1 | 200000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 1751934 | 5 |
0.012 | 733849 | 2 |
0.013 | 913728 | 6 |
0.014 | 263858 | 2 |
0.015 | 3013153 | 7 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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CLA (ASX) Chart |