Cobalt price just now run from 70,500 to 72,000!! CLA will...

Cobalt price just now run from 70,500 to 72,000!! CLA will benefit??

No..............ABSOLUTEY NOT.

Even the current managment only calls it..what is it again ..highly prospective..

All the value is in the other mines.

As they said, the first option listed is to DIVEST.

DIVEST - (from the dictionary) - "rid oneself of (a business interest or investment)."


Here's current management view on the Cobalt Project to date..

Says it all really




Focus on what we can do & do profitably & this is NOT wasting precious resources on the Dirt in Namibia

Divesting sound like the way to go as partnering will require cash raising (we spent $15m under the last watch) & new management have outlined what is required to make this MORE than high prospectible (or whatever their words were....but a mine it isn't.)

(Unless you can tell us how to mine such an 'ore' body economically.

MAke no bones about it - Cobalt is a boat anchor to CLA SP.

Divest - I like that word.

SP Action has been good & with the current projects I have been saying we are chronically undervalued.

Still a long way to go just to get to 'fair' value.