Philippines is not the best jurisdiction but is certainly not the worth.
Most importantly government realized the importance of the mining sector and want to attract investments. Thus, current support... mining permit approvals, etc
Certainly not a jurisdiction that would scare any Chinese mining...given they go to DRC, and other African places.
Philippines is strategically important because of its proximity to China... low cost to transport concentrate
SVM and brokers have punished and low liquidity makes it easier to hold shareprice low... most explorers and profitless companies are trading near 52wl...not a problem of CLA only
1c is the bottom imo... risk reward of buying here is at least 3 to 1... Major investors awaiting clarity on funding or waiting to buy given funding is required?
CLA Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
(20min delay)