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This one is for the "old timers" on CLA. Remember what happened...

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    This one is for the "old timers" on CLA. Remember what happened in 2018? A "Blue Wave" came and things were looking up and up for all the cobalt players, not just on the ASX but globally. We had AUZ, CLQ, JRV, ARL, a start-up "pure play" called COB. All of them were up at least 2 bags. Glencore was having a field day too, their stock hit their all time highest. And of course, good 'ol CLA hit our highest SP at 25c at that time. All thanks to the "Blue Wave".
    Since the start of the year, I cannot help but notice what looks like a new "Blue Wave" coming. I'll throw some charts here:
    https://hotcopper.com.au/data/attachments/2818/2818455-edd0654bac1b7d8fa0433f564f1eee24.jpg
    This came from LME pricing, which isn't the best source of info TBH, but it's all I can muster up. Cobalt price is at an almost 2-year high.

    I know what you're thinking. You might dismiss this as "just another spike", given Cobalt price has had its ups and downs since 2018 - 19. Well, none of those ups and downs came with an almost uniform shift in sentiment illustrated in the SP movement of the following stocks:
    https://hotcopper.com.au/data/attachments/2818/2818468-701dfb0bde740b24119a9fd0b68730e6.jpg
    Big brother Glencore stock price has been on an almost mechanical up-trend since November 2020. Check out their 6 month chart and you'll see what I mean.
    A quick look at a foreign cobalt stock as well (First Cobalt listed on TSX in Canada):
    https://hotcopper.com.au/data/attachments/2818/2818524-9c933b594e3a0991595df152d312008e.jpg

    Next, I will put up some 6-month charts of our "peers" (or "ex-peers" since we have put our Cobalt project on ice? I'm confused and also slightly inebriated, apologies for that):
    https://hotcopper.com.au/data/attachments/2818/2818490-f54aa974e98b7b5ab785a8b806fd8f42.jpg
    https://hotcopper.com.au/data/attachments/2818/2818492-05d6cd898769e6eedf5c87eb2a1ebb77.jpg
    https://hotcopper.com.au/data/attachments/2818/2818497-f3c1c0162fa681f033c7884a93fd4a97.jpg
    https://hotcopper.com.au/data/attachments/2818/2818500-83c777ff1c91a7b1b923c094c28c327c.jpg

    Notice that all of them (including Glencore, First Cobalt, and the ASX players) have the same pattern that they all started to have a noticeable up-trend at around November - December 2020. Some have only picked up pace at the start of 2021, but that could be because of delayed reaction from the market. Not everyone knows the cobalt players as well as we do.
    Now let's look at the CLA 6-month chart (I know, might be painful viewing, but please bear with me):
    https://hotcopper.com.au/data/attachments/2818/2818528-a8ec66b9c68105696075dba3a7481902.jpg

    Was it really the anticipation of the JORC that has been driving the CLA SP since November 2020, or was it the new "Blue Wave" seen from the above improving sentiment in the cobalt market?

 
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