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Ann: Thick Near Surface Cobalt At Opuwo, page-60

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01/02/18

15:32

Post #: 30742834
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Originally posted by BobbyKennedy ↑

What's to get? They release a paper and set a target that represents a very appealing rise in SP. They then get their clients onto it while dumping into the strength. Classic behavior.

Looking at the action today, it's clear that there is still a good deal of selling pressure and frankly, it's overwhelming the buyers. Buyers seem happy enough to park themselves at lower prices under the apparent knowledge that the selling hasn't yet stopped.

If more buyers don't step up to the plate (and I'm talking serious volume like we see on the other Co stocks), then we'll be fighting an uphill battle for a while yet.

More assays aren't expected for another fortnight and JORC will be pushed to March IMO. That leaves something unexpected like EM to come but without drilling the EM target it may prove to be another fizzle for the short term SP.

The TA points to it (IMO will retest the support line) and the news flow (that we know of) points to it: there's probably more weakness to come. Blessing in disguise as it's an opp to scoop up more shares closer to 11c but IMO we'll hold around 11c unless something genuinely exciting occurs.

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At the moment for the last 2 months there has been little to no buys from Hartleys evident from the reports

We will see if there is any sort of significant buying by these guys after this being issued - Quite frankly I wouldn't hang my hat on it

Is it common for brokers to "re-purchase" for clients after selling ?
Not sure

CLA Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $21.94M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$196	28.00K

Buyers (Bids)

No.	Vol.	Price($)
33	15039257	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	4421690	3

View Market Depth

No.	Vol.	Price($)
32	14705924	0.006
22	11871526	0.005
4	2760009	0.004
5	4070000	0.003
6	7900001	0.002

Price($)	Vol.	No.
0.007	4421690	3
0.008	4146745	8
0.009	2277714	4
0.010	6305885	9
0.011	4725263	4

Last trade - 12.03pm 18/07/2025 (20 minute delay)

CLA (ASX) Chart

Ann: Thick Near Surface Cobalt At Opuwo, page-60

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Ann: Thick Near Surface Cobalt At Opuwo, page-60

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