If I was CLQ I Would wait until funds raised and then do a scrip takeover, get PGM on the cheap plus extra cash just raised.
Both open pit and only 7 ks away from each other, grades and resource almost identical except PGM has platinum aswell.
This is a sleeper
Owendale (PGM) vs Syerston (CLQ): The Catch ·Cleantech Holdings (CLQ) owns the Syerston Scandium Project which is located only ~7km away from Owendale – the two projects have the same geological and mineralogical origin with the metrics being almost identical however Owendale is shallower and has platinum credits (see below) ·CLQ has a market cap of ~$500M vs PGM market cap of ~$35M - given the projects are essentially identical PGM is due for a huge re-rate on current valuations ·CLQ recently signed a strategic partnership with Chinese group Pengxin Mining to fast track development of their project – under the terms Pengxin are to make an initial investment of A$81M by purchasing $~92M shares at 88c to own 16.2% of the company
PGM Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
