No. Wrong again.
Have a 6 figure sum invested & was buying (but not for cobalt), buying for the new project(s) potential.
I disclosed that I have been buying & am green now.
None of my posts are anti CLA or management & stress that the company has mulitple baggers upside from here.........but nothing to do with cobalt. Hell its not even as fair value yet.
The issue I have is with rampers pushing cobalt as being a driver for the SP, based on what?? Previous managements announcement..(Let me dig up some of those for you....next post)
Right now, current management say it is a ' prospective resource'.
.........Really.....after a $15m spend...That should tell you all you need to know.
No scoping Study despite this outlay or mets ect.
What the $15m spend did was prove that the mine was not viable as being assessed....or we would have a scoping study (well you would hope so for $15m)..
How much do you think we will get for a sale of 'the prospective resource'???
Lest say $5m (being generous - would wet myself at $15m & get back all our initial cash).
$5m/1.054b shares = 0.4c at best
OMG! CLA 11c fair value, says broker report, page-195
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $30.85M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $32.65K | 2.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 5259000 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 3032467 | 7 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CLA (ASX) Chart |