Australia's largest stock trading and investment forum Australia's #1 stock forum

CLA

Click for more information

0.00%

1.1¢ celsius resources limited.

OMG! CLA 11c fair value, says broker report, page-161

First 161 Last

Share
Profile

Follow
sailorlion

2,545 Posts.

913

22/01/22

12:15

Post #: 59059278
Share

Originally posted by mudguts: ↑

So how much precious resources are we able to throw at the Cobalt 'prospective resource" to complete the metallurgical test work, complete scoping study. develop a better back end process as the hydromet/v roasting process never completed.

Only the can we look at various options to partner (because we don't know what we have after $15m dollars spend)

CLA does not have the wherewithal to do so. Short of capital raising & dilution (again, after a$15m spend to find out it is still highly prospective).

And at best hope to sell or JV.

Divest Opuwo is the preferred option, (in a perfect world we would atleast get our money back), but (most) here would not expect that.

$3 to $5M ...probably sell to Gecko, they know what its worth to them

Opposed to focusing on the profitable & company making mines they have in the Phillipines.

The choice is simple.

Expand

Dear Mr Mudguts, two month ago, when Magnisium price go up, KOR price run from 2c to 10c, 5 baggers in just few days, what does KOR have?
and now cobalt price run to 72000, (CLA cobalt is viable when cobalt price >65000), Do you really think the market doesn't care about CLA with the largest cobalt resource?

CLA Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 68 more messages in this thread...

First 161 Last

Add CLA (ASX) to my watchlist

(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $26.70M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.1¢	$2.476K	215.9K

Buyers (Bids)

No.	Vol.	Price($)
1	193793	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	4230745	7

View Market Depth

No.	Vol.	Price($)
1	193793	0.011
19	18386320	0.010
16	5517623	0.009
3	744950	0.008
2	195000	0.007

Price($)	Vol.	No.
0.012	4230745	7
0.013	5380000	5
0.014	3630775	5
0.015	2610097	7
0.016	1786071	4

Last trade - 16.10pm 02/05/2024 (20 minute delay)


Last 1.1¢			Change 0.000 ( 8.33 %)
Open	High		Low	Volume
1.2¢	1.2¢		1.1¢	200000
Last updated 11.20am 02/05/2024 ?

CLA (ASX) Chart