With a large announcement of a scoping study (potentially PFS) looming, knowing what we know about the size /metallurgy and a SP of 12c, I cant see this falling too much further. Which could be a great launch point for the S/S release.
When there is a lot of buzz around a stock prior to one of these announcements and it rally's continuously until Trading Halt, if the results are anything less than spectacular, it can pull right back on thorough examination of the announcement. There are a lot of people watching this stock closely from all over the world, ready to critique and make a call on fair value after its release. If we are taking off from 30c, maybe the market will not take kindly to higher than expected capex/opex findings and punish it back to the high teens. But on the flip side, if CLA is using 12c there is huge upside potential and minimal downside from 1 single announcement.
Its clear to see that CLA's SP has followed the curve of global Cobalt price. But the inner conspiracy theorist in me does wonder if this has been articulated/manipulated in a way that will set this up for little room to move backwards and a LOT of room to go forward.
Just thinking out loud. Good luck everyone.
- Forums
- ASX - By Stock
- CLA
- cause for concern?
cause for concern?, page-18
-
-
- There are more pages in this discussion • 25 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CLA (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $26.70M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $286 | 26.01K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 14069147 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 430313 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 14069147 | 0.011 |
25 | 18802995 | 0.010 |
9 | 2976330 | 0.009 |
4 | 820074 | 0.008 |
4 | 2660560 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 430313 | 3 |
0.013 | 1842592 | 4 |
0.014 | 2930000 | 6 |
0.015 | 1350000 | 3 |
0.016 | 2155633 | 7 |
Last trade - 10.02am 18/09/2024 (20 minute delay) ? |
Featured News
CLA (ASX) Chart |