Snorky
I think you are being a bit tough
Remember (if you were a shareholder at the time), that in 2019 this company was on the bones of its arse. The Gas in South Africa (CEL's only "real asset") was a dud because the SA government couldn't (& still can't) make a decision on allowing drilling to go ahead. They had NO money
In rides KK & team, they do a raise for $5m & get re-listed in July 2019. They then get hold of Argentina (Hulilan) & Ecuador (El Guayabo & Clorado V)
They raised $6.5m in Jan 2020, did a $20m placement in July 2020 & $42m in May 2021 - to fund the JORC definition of probably, between the 2 projects, 15-20m oz of gold & quite likely after this deal, a whole heap more.
It seems like you expected them to find this much gold without raising any capital!!
You have to spend money to make money & if you don't have it or want to be well covered for future exploration, you have to get it from somewhere
I don't disagree that these placements may have capped to price for now, but with the quantities of gold they are finding every time they drill, the market will wake up eventually. I said some months ago that if these discoveries were in Oz, the SP would now be in the $'s
It will be soon - remember KK said recently, "double & double again" - that puts the price at around $1.20 which is a price I think the BoD would do a deal at
Be patient & you will be rewarded
- Forums
- ASX - By Stock
- Ann: CEL Significantly Expands Tenement Position at Hualilan
SnorkyI think you are being a bit toughRemember (if you were a...
-
-
- There are more pages in this discussion • 13 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
Add CEL (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.38M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99533 | 4.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 22636 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 99533 | 0.047 |
6 | 729817 | 0.046 |
3 | 281500 | 0.045 |
1 | 330000 | 0.044 |
1 | 60000 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 22636 | 1 |
0.056 | 250000 | 1 |
0.057 | 220000 | 2 |
0.058 | 247000 | 2 |
0.059 | 249999 | 1 |
Last trade - 07.00am 10/09/2024 (20 minute delay) ? |
Featured News
CEL (ASX) Chart |
Day chart unavailable