Aesir Capital have just issued a flash note for Celsius. Hopefully the attachment works.
Good afternoon,
Aesir Capital has published a flash note today on Celsius Resources Ltd (ASX: CLA), refreshing our views from our Buy Recommendation in our May initiation.
Our price target of $0.11 is currently under review after today’s discovery.
We believe this new hole demonstrates that the asset has serious scale upside and should be higher grade based on the visuals from the drill core. This discovery also highlights that there are presumably better, more intense sulphide zones yet to be uncovered (this hole was not targeted at any geophysical anomaly).
Our full note is attached and we welcome any questions/comments.
Kind regards,
Flash Research Note from Aesir
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Mkt cap ! $24.27M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $12.75K | 1.275M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 21799147 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 6728383 | 8 |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.0¢ | 1.1¢ | 1.0¢ | 542194 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
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