One of the strong points of CLA at present is that they have $8m-$9m cash and no debt and have avoided to much dilution
Buying into a business returning 15pc is not that easy and involves risk
IMO CLA doesn't need to take on this risk
Just simply wait for the things to change (which they always do)
ie. Cobalt Price, Supply/Demand then farm in and funding will step up
And keep costs down which they are doing
Keep Share holder dilution of this (leverage to future cobalt price and mine/met improvement) to a minimum and avoid any risk of liquidation
Sometimes the best strategy is not to be proactive, but patient and conserve what you have and wait for your longer term opinion to come about improve the value of your asset
All IMO
- Forums
- ASX - By Stock
- CLA
- Ann: Ceasing to be a substantial holder
Ann: Ceasing to be a substantial holder, page-48
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
Add CLA (ASX) to my watchlist
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.70M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $159.9K | 15.01M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 6692274 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 1751934 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 4892274 | 0.010 |
13 | 5750441 | 0.009 |
7 | 6855074 | 0.008 |
2 | 588560 | 0.007 |
2 | 200001 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 1751934 | 5 |
0.012 | 733849 | 2 |
0.013 | 913728 | 6 |
0.014 | 1284112 | 3 |
0.015 | 3013153 | 7 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
CLA (ASX) Chart |