Australia's largest stock trading and investment forum Australia's #1 stock forum

CLA

Click for more information

9.09%

1.0¢ celsius resources limited.

Ann: Quarterly Cashflow Report, page-29

First 29 Last

Share
Profile

Follow
blueskymine01

3,810 Posts.

394

17/10/19

15:51

Post #: 40934714
Share

Originally posted by blueskymine01 ↑

That looks to be offloaded already and not sure if it was laterite or sulphide, wouldn't touch laterite stuff personally, needs huge amounts of cash mostly.
I don't think buying something for 15-20m is the way to go if CLA was to look at a new project, getting into debt etc. I think they had thought about that a while ago.
I personally think something around $2-3m max would be the go. Opuwo was picked up pretty cheaply and got the SP to 24c (cobalt price boom obviously helped).
Out of what current management skillset is best, it seems to be identifying value in prospective projects (people will disagree).

They had listed the minerals they were interested in, I think manganese or gold would be a good option. Lithium is in the dumps atm.

FWIW, I hear there are lots of decent projects available where microcaps can't keep up the funds to maintain projects as it's getting tougher to raise cash. The one think CLA has going for it it still has a fair bit of cash so could pick up a pretty good project rather cheaply I would think.

Expand

N27 another cobalt play moved to gold, SP up 127% after ann for relatively cheap deal.

CLA Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 29 more messages in this thread...

First 29 Last

Add CLA (ASX) to my watchlist

(20min delay)
Last 1.0¢		Change -0.001(9.09%)		Mkt cap ! $24.27M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.0¢	$11.06K	1.008M

Buyers (Bids)

No.	Vol.	Price($)
13	4402199	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	707557	4

View Market Depth

No.	Vol.	Price($)
13	4402472	0.010
17	11180589	0.009
11	5870574	0.008
9	5227131	0.007
3	573333	0.006

Price($)	Vol.	No.
0.011	707557	4
0.012	9595259	9
0.013	6071500	5
0.014	780002	3
0.015	1400000	3

Last trade - 15.15pm 14/06/2024 (20 minute delay)


Last 1.0¢			Change -0.001 ( 9.09 %)
Open	High		Low	Volume
1.0¢	1.0¢		1.0¢	594459
Last updated 15.33pm 14/06/2024 ?

CLA (ASX) Chart