Problem came with the coking strength requirements of the Chinese off-take agreement. Partly the high coking strength is put in to give them an out and negotiating strength - which worked. Listen to todays interview for some useful info of how CLA can move forward.
But basically they have great potential with the coal in the ground, roads and rail getting built around them and potential customers all close by. But if the coal stays in the ground then no value. Raising money at the moment is horrendously difficult for anyone and without some good announcements soon and a jump in share price anyone with a deal will have them over a barrel.
Has potential to jump back up to a cent or 2, so getting in at 0.2c with a small amount gives you the chance for a Disallowed...
CLA Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
