that would be ironic indeed. Bitter irony, in fact, and I'm sure it wouldn't be lost on the FCX shareholders knowing that they let this project go and then to have to benefit another company just to have it back? I think that outcome may be a bit too farfetched.
The way it stands, CLA and MCB are currently in no man's land in terms of JV or selling its projects due to the extremely low MC of CLA. Any suitor would just take a look at our financials and MC, and know that if they let us bleed out our capital, they'd eventually be able to get MCB and Opuwo for next to nothing.
The turning point, I reckon, would have to be when the MPSA is granted for MCB. It would be a miracle (to the suitors!) if the investing public continues to value CLA at these low levels when that happens!
that would be ironic indeed. Bitter irony, in fact, and I'm sure...
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $28.28M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $32.65K | 2.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 5259000 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 3032467 | 7 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CLA (ASX) Chart |