CLA 7.14% 1.3¢ celsius resources limited.

Ann: Trading Halt, page-20

  1. 998 Posts.
    lightbulb Created with Sketch. 563
    I'll add to that list a couple more points:

    - Impact of COVID on the Americas. Both North and South have been hit extremely hard by the virus, to the extent of constricting copper supply from South America, which is by far the largest producing supplier by region. That is actually the driving force behind the current boom in copper price.
    Consider what has been going on in HCH. Note that I am not trying to "cross-downramp" here, if there's even such a thing! There have been signs of a lot of selling there even after some impressive drill results. I observed this selling in HCH at around 31 Dec 2020 give or take a few days. Then the SP of CLA started moving within a week of that. This gives me the notion that perhaps prospective investors in copper are trying to look outside of South America because of the whole COVID situation there and how it is actually driving the copper price. It's like a paradox to invest in a prospect in that region, if you think about it.

    - In addition to that, Australian prospects have also been hard hit but not because of COVID, but the trade spat with China. Stocks like SVY, not doing great at all even when the copper price is trending up, but it was booming back before the China trade problems started.

    So now you have 2 major supply regions having all sorts of problems.... it is Asia that will be in the spotlight, in terms of copper prospects. This all puts us in a really great position, I reckon.

    Good luck to all holders!
 
watchlist Created with Sketch. Add CLA (ASX) to my watchlist
(20min delay)
Last
1.3¢
Change
-0.001(7.14%)
Mkt cap ! $31.56M
Open High Low Value Volume
1.3¢ 1.3¢ 1.2¢ $82.70K 6.362M

Buyers (Bids)

No. Vol. Price($)
15 5074193 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 4291896 5
View Market Depth
Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
CLA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.