CLQ: A Multibagger in the Making [2019 Bull Run], page-8

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OMICRON

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17/01/19

23:19

Post #: 37150185
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Originally posted by T.E.P.: ↑

To me, it looks like we have now finally bottomed out.

I'm expecting 2019 to be a strong year for CLQ.

Nickel prices have finally lifted off their bottom and encouragingly are climbing (up 9% so far this year).

Excess cobalt supply may remain for a year or two, but prices look set to be stable/climb in the longer term (cobalt isn't going completely away in EV batteries: https://www.lek.com/insights/fast-moving-ev-battery-market-how-win-against-competition)

Moreover, this year we have some big catalysts, including financing and off-take agreements (within the next few months), followed by the green light of approval from the board (mid-year), followed by the commencement of construction (mid-late 2019). These will all de-risk the project and therefore move us closer to the intrinsic value of CLQ.

The 2018 CLQ bear has turned into a 2019 CLQ bull and we look set for a ride back up to a level closer to true value of CLQ. [Market cap of approx, $1.5b USD according to the project NPV].

Historically, the share prices of mining stocks typically always tend to peak somewhere between construction and first production.

If we are lucky, we might hit $1 before the year is done, but for the moment, my personal target is 80 cents by the end of the year.

GLTAH. DYOR.

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What sort of catalyst will approval in financing provide, especially if they can do it without issuing more shares. Been following this one from the sidelines but share price movement over the past week indicates to me that news is not far away.

CLQ Price at posting: 50.0¢ Sentiment: Buy Disclosure: Not Held
4 Upvote

0 Great analysis

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Last 34.0¢		Change 0.000(0.00%)		Mkt cap ! $30.67M

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CLQ: A Multibagger in the Making [2019 Bull Run], page-8

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CLQ: A Multibagger in the Making [2019 Bull Run], page-8

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