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So you've got 10 million shares, ok.......You're going for a SP...

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golfer44

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26/10/18

19:47

Post #: 36279582
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Originally posted by phuket guy: ↑

As I said, I think several of you need to take a chill pill.

Frankly with the crap Co /Cu /metals / juniors/and general market sentiment right now Im personally not excited that anything big will come of the SS release hype now.(hope im wrong)

I also dont expect to see much immidieate jump from the presentations hes gonna be doing (hope im wrong)

But I do remain just as bullish as ever on CLA, (tempered only by the rapid increase in Co output from DRC since the price jumped a year ago.)- this extra supply spike up will IMO take some time (2 years) to be taken out (and then overtaken) by the nonstop but rather more gradual growing demand for Cobalt. Then the Co price can head nortth again and a general bullishness will reappear and float all ships again. The tide is out just now.

Meanwhile fundamentally I expect good things (at worst acceptable things) from the SS, I expect CLA to have the 5th biggest Viable Co resource - and the biggest financially Co led resource in the world, and t by end Nov and I expect it will be proved valuable to mine- and will therfore obviously be worth around 500 million USD in the real world.

the four mines bihgger than it were sold for 1-2 billion USD, the five mines smaller than it for at least 350 million USD to 1 billion USD.

we will be the only huge source of Cobalt in top ten not yet taken ouyt by a major (Or the Chinese) . Huge international household names are in duscussions with BB all just waiting for decent SS to move negotiations up a level. This wont happen over night - but may in a few months.

So The CLA share price will probably only reflect its true value when there is either a buyout offered, one or two big instos understand the value and start taking big positions, a JV is done, or the Co price rallies a while.

Then we shall see the CLA price spiking north suddenly and for no obvious reason. Probably when least expected. So that CLA will then reflect its superior value or equivelent value to most other cobalt plays out there . This could be 50 cents to 1$ a share.

- And IMO this will by almost all logic I can forsee happen if SS is ok. But probably not imminently . so to me its a just really a waiting game now. Possibly even for as much as one more year. Im happy with that to get 40-80 -1.20 cents a share on 10 mill shares!!. I cant see many better investments out there i feel so confident about.

The Share price will be all over the place in the meantime. - as it has been. So good luck to you traders out there.

So thats why I suggest maybe a few chill pills now. BB has said SS by end of month I know hes trying to get it out by then, but maybe a day or so delay, maybe a day or so early? who knows. relax guys.

Its all good.

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So you've got 10 million shares, ok.......

You're going for a SP of $1.20 a share...... by when? 2050?

Mate seriously, reign in the ramping a bit. We're at 10c for goodness sakes. I know you want to suck more shareholders in, but give it a rest. The SP has more than halved and at 22c you were still saying it was a raging buy. You're losing credibility by the day.

CLA Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $29.13M

Open	High	Low	Value	Volume
1.2¢	1.3¢	1.2¢	$5.582K	456.8K

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No.	Vol.	Price($)
8	3116362	1.2¢

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Price($)	Vol.	No.
1.3¢	1596602	1

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No.	Vol.	Price($)
6	1561932	0.012
34	14711401	0.011
24	18802995	0.010
10	3076330	0.009
4	820074	0.008

Price($)	Vol.	No.
0.013	1596602	1
0.014	1480000	4
0.015	3274349	4
0.016	1982633	4
0.018	480000	4

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CLA (ASX) Chart

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