It really is like a Market Inefficiency 101, when you put it that way, BobbyMorane. Here we have in CLA a prospect that is already drilled out and proven to have a significant in-ground resource (width and grade multiples of what Hammer have just uncovered), with only 1 uncertainty being jurisdictional, not to mention a massive cobalt JORC that nobody knows is viable or not, yet the entire company is valued at AUD$35m. Go figure.
I suppose when you leave the valuation to Mr. Desperate Seller, this is what you get. After the selling action of the last 2 weeks, CLA is like the fat guy in this picture:
Holders and buyers have all received a clobbering at the hands of a Mr. Desperate Seller. FOMO really does reduce one into nothing more than an amateur investor, no matter how long you've been at it. And that drags down the whole company.
Give us some time to recover from this and we should be stronger than ever.
Ann: MCB Copper-Gold Project Maiden JORC Mineral Resource, page-154
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.70M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $30.43K | 2.790M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 6298099 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 569000 | 2 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| CLA (ASX) Chart |