Ann: Maiden New Zealand Exploration Program Underway, page-2

Nice rise in the price recently and another good prospective multi-element project here in the pipeline, I really like what the company have been trying to do with the new directors in the past 2 years. Along with the WA gold tenements, these could be worthwhile in time.

However, as I've said before, the company really doesn't have the funds to mount a decent drilling campaign. Soil sampling etc. is positive but drilling is where it will count. The dilution of shares has probably reached its max (6 bill+) and the funds raised recently might only help to keep the lights on for another couple of quarters.

In my opinion only, I think the company might be expecting some sort of big cash injection to really get the ball rolling. Marampa is a World class iron ore asset, but regaining it seems to be going no where for CLE, and Gerald's new company Marampa Mines apparently now has both North and South Marampa concessions as part of its settlement with the SL government. So could there be some sort of financial compensation to CLE coming from there?
Another potential is EUR and a takeover. Lithium is hot and I expect more M&A activity over the next months. CLE's 5% or 70 million odd shares will certainly be of some value. I know someone will say its stake is pledged to Winance or along those lines, but I'm sure Sagey would negotiate a deal and CLE would still benefit even after paying back that debt to them.

Good luck to all holders.