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trevi

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18/04/18

17:49

Post #: 32535283
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Originally posted by phuket guy ↑

Thats not agood thing in my Book ans.

when one new company shows up in the room and is so much undervalued compared to the existing tenants, one of three things happen.

1. their price falls to parity with the better valued newbie
2. the newbies pirce rises to parity with the exiting stocks
3. bit of both from each side to reach parity.

As no 2 is of course the best option for us - its not good to see no 3 happening,

How about e-cobalt in far off TSX.(one of the only other few decent listed non-DRC sulphide resource holders in the world ) They have a measly 7 mill tons and were capped at 280 mill CAD, now they are down to 216 millCAD cap and falling.

If CLA was capped at parity to their inground Co resource -( CLA 126,000 ton co against ECS 20,000 tons) ie 6.2 times more-we should be now capped at AUD 1,36 Billion!!!!! so either they gonna fall or were gonna rise or like CLQ/COB/AUZ etc well meet in the middle - until then only stupid new global cobalt stock investors money would flow to them not towards CLA right??

This is a world class resource- BB is shakin up the world a bit here!!

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Agree. This is a world class resource in a politically stable, mining friendly country. And to think that the full potential hasn’t even been revealed. They are drilling now to expand the resource, just have to wait and see how big this gets.

CLA Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

1 Great analysis

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