CLA

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1.1¢ celsius resources limited.

CLA chart, page-1876

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densamer

2,721 Posts.

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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 Out of date but still valid.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 1.1¢		Change 0.000(0.00%)		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

View Market Depth

No.	Vol.	Price($)
12	4892274	0.010
12	5725441	0.009
7	6855074	0.008
2	588560	0.007
1	200000	0.006

Price($)	Vol.	No.
0.011	1751934	5
0.012	733849	2
0.013	913728	6
0.014	263858	2
0.015	3013153	7

Last trade - 16.10pm 02/08/2024 (20 minute delay)

CLA (ASX) Chart

CLA chart, page-1876

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

CLA chart, page-1876

Top Stories

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Westgold sets its sights on top five producer status through merger with Karora

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News