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1.1¢ celsius resources limited.

Looks like SVM might still be interested based on the comments.

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Spook

1,521 Posts.

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26/03/24

14:41

Post #: 73065161
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Originally posted by Goldguy90: ↑

Your license is contingent on getting financing in six months. It's very abnormal that a mining license is granted with such a short, six month financing clause in it. It means the granting authority doesn't have much faith in CLAs ability to finance this mine and is giving you short kick of the can to try. What do you think happens if you can't find an offer, the license is revoked and the company has no cash? Who is going to offer you a premium for a tier 3 jurisdiction high risk project at that point?

Nobody. At that point this asset gets vulched. And if you need to raise money when your stock is literally a penny? Ten to one consolidation and equity raise, which is a wipe out by any definition.

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Looks like SVM might still be interested based on the comments.

CLA Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.1¢		Change 0.001(5.00%)		Mkt cap ! $25.49M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$12.32K	1.232M

Buyers (Bids)

No.	Vol.	Price($)
31	21899148	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	7360927	10

View Market Depth

No.	Vol.	Price($)
31	21899148	0.010
14	4762067	0.009
4	1120074	0.008
2	195000	0.007
2	366831	0.006

Price($)	Vol.	No.
0.011	7360927	10
0.012	12542143	12
0.013	5409649	7
0.014	4083036	6
0.015	2311773	6

Last trade - 14.21pm 16/05/2024 (20 minute delay)


Last 1.1¢			Change 0.001 ( 5.00 %)
Open	High		Low	Volume
1.0¢	1.1¢		1.0¢	141466
Last updated 14.59pm 16/05/2024 ?

CLA (ASX) Chart