CLA chart, page-1876

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densamer

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31/08/18

17:54

Post #: 35336828
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Originally posted by CS96 ↑

It is unfair to say BB isn't doing a good job - every achievement so far indicates the opposite. As Binwood mentioned this is a passion project so he absolutely has the most to lose.

BUT - that has no bearing on major holders and their view of the project (if it's not economical in their opinion they're not going to hang around - and yes they have better access/information than us). I had been struggling with a theory that big insiders were selling due to perceived issues with the project and after days like today it is difficult to not subscribe to this theory (especially with Gecko's notice as well).

I think the constant selling and complete lack of buying support (this has been going on for 2-3 months) is pretty evident something isn't 100%. Share prices only get this low from a big holder selling - retail/general sentiment/panic etc can't get it this low (if big holders were not concerned they'd be cleaning up at these levels which they clearly are not). Commodity prices have been hammered yes, but this is going beyond that. Most other companies in the sector have well and truly bottomed.

I am far from thinking this is a failure, the resource is just too significant and is well established, we are cashed up and MGMT are quality with strong ties to connections. However a turnaround is badly needed, this continued drop is NOT just from a falling cobalt price - SS delay should've been well and truly priced in as well. I hope something is not off - it almost feels surreal to see the price at 10c.

P.S - the theory of potential suitors pushing us down is ridiculous and sounds suspiciously like some AVZ conspiracy garbage.

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I disagree with your comment about something isn't 100%. Look at the evidence that this isn't stock specific courtesy of @columbo. Out of date but still valid.

https://hotcopper.com.au/threads/ann-appendix-3b.4385057/page-15?post_id=35176517#.W4jy75MzZsY

CLA Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $29.13M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$878	73.15K

Buyers (Bids)

No.	Vol.	Price($)
22	7521022	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	1253646	4

View Market Depth

No.	Vol.	Price($)
22	7521022	0.011
21	13802795	0.010
10	5676330	0.009
5	4520074	0.008
3	660560	0.007

Price($)	Vol.	No.
0.013	1253646	4
0.014	3556990	7
0.015	500000	1
0.016	2477801	9
0.017	4144424	5

Last trade - 10.16am 10/09/2024 (20 minute delay)

CLA (ASX) Chart

CLA chart, page-1876

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CLA chart, page-1876

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