Originally posted by Chuff time
Well said Ans. I am trying to familiarize myself with ASIC Info sheet 214 (
https://asic.gov.au/regulatory-reso...rd-looking-statements/#secured-funding-is-not)
And whether they will be allowed to state the production target and financials upon the resource upgrade which seems likely but I am not confident enough to confirm. Appreciate if someone else more experienced with the ASIC 214 can confirm?
@Quanta @binwood ? Apologies for the tags but as a long term lurker, i appreciate your interpretations.
I would gently caution other investors from being too emotional with this SS and reassess what your investment objective and timeline is.
Also look at the potential news flow in the coming months and whether that news will be interpreted positively or negatively. - Upgraded resource, skytem, and the production target and financials (if allowed)
Personally I believe the fundamentals have only strengthened albeit SS financials would have been preferential I am not concerned for my long term investment horizon or any of my NPV or IRR calculations.
I would also like those to substantiate their claims of 6 cents as I would if you were saying 30 cents (
@golfer44 I appreciate a critical analysis of a company but is 6 cents a psychological figure or do you have evidence to back your claim?). Whilst there is a possibility of a fall tomorrow, in my opinion it would be regarded as a sale price to enter the - highly likely - largest ethical sulphide based cobalt deposit outside of DRC with cash to PFS.
I will happily participate in such a sale if it were to occur and I already have a large holding.
Remember to think logically not emotionally. It's understandable after reevaluating your own research you believe there has been a material change and you wish to exit. Best of luck
There is nothing wrong with these SS results. Expectations of completeness of quantitative commercial metrics by investors in CLA shows the lack of compliance obligations by a listed entity that is not fully understood by the broader market leading to the current sentiment. This has got more to do with us as investors than any of CLAs inferred negative intent.
The fundamentals of the project have been enhanced and have been solidified and this is more of a timing concern of investors and their misunderstanding/inexperience in the markets causing this negative expectation.
(20min delay)