Kreno..You could well be right what you say..guess it depends on what investment timeframe each Inv,/spec. has
For a longer term value investor or Buy in partner or Takeover they would more likely be thinking about cobalt price
4-5years out and supply/demand as EV/batt.peaks when the company will be in production rather than current cobalt price (And if such a buy in or buy out offer occurs so will the CLA shareholders and management)
If you are a shorter term trader which most people are your assessment may well be correct
From value investment view CLA's progress and the 4-5 year out EV/batt Future
The current $46M aud MC seems to have a good margin of safety with very big upside potential
All IMO
Broker Data anyone ?, page-462
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Change
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Mkt cap ! $26.70M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $159.9K | 15.01M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 6692274 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1751934 | 5 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| CLA (ASX) Chart |