I think it's worth noting that even a positive Scoping Study will be sold into if the market doesn't like where the cobalt price is going.
The flip-side to this is an identical (or perhaps even more comprehensive) albeit delayed scoping study released during a cobalt price rally will result in a significant re-rate.
The scoping study as last mentioned in the company's announcement is scheduled for early Q4, and the general consensus is that the cobalt price will experience a much more stable rise from here.
I think also a lot of people here forget that while the short term pricing of cobalt can be driven by sentiment and speculation, it is ultimately a product used in industrial application. Industrial applications by nature move slowly even in the face of demand.
- Forums
- ASX - By Stock
- CLA
- Assistance to Brendan
Assistance to Brendan, page-8
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CLA (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.70M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 1.0¢ | $4.99K | 453.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 4769463 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 592227 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 4769463 | 0.010 |
13 | 5736330 | 0.009 |
9 | 7056074 | 0.008 |
2 | 588560 | 0.007 |
4 | 1700001 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 592227 | 1 |
0.012 | 833849 | 3 |
0.013 | 904700 | 5 |
0.014 | 1284112 | 3 |
0.015 | 3417586 | 9 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
Featured News
CLA (ASX) Chart |