CLA has not been worth 2 cents since very early 2017.
Before we knew that there was any cobalt at all Namibia, before we had a secure lease. Before we had anything.
At the time cobolt was still selling for under 25,000 dollars a ton.
This is not an upramp. Any shareholder that chooses to hold ( like me ) is going to have to play a long game and I agree that this project is all but worthless at prices under 60-80K a tone but I just don't believe the current market cap in anyway reflects the amount of progress that has been made here and its potential return should we see cobolt recover.
Any big boy buys over the coming few days may confirm my suspicion, and I agree that if if they don't occur then I am probably wrong on CLA.
CLA chart, page-3230
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Last
1.4¢ |
Change
-0.001(3.57%) |
Mkt cap ! $31.56M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $9.203K | 700.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1810609 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 5840871 | 6 |
View Market Depth
| Last trade - 11.36am 12/07/2024 (20 minute delay) ? |
| CLA (ASX) Chart |