The market just doesn't want to wait. Fair enough. However, there are announcements around the corner that are not just updates on impending surveys. The North DOF could be very bullish, along with transport and water costs. The market seems to love anything to do with resource size - which, I am quietly confident CLA will be able to perform given their grade and tonnage consistency across all 48 holes (see recent ann).
They only assayed a fraction of their site, imagine what else is lurking out there...
Nonetheless, like mentioned above, all Li, Co, Cu, Zn plays are down. It's a sector-wide fall. $CLA isn't inept to this.
But the reality is, at some point the material supply deficits will have to kick in, otherwise, we ain't getting EVs because we won't have any batteries. This will be the trigger for another bull-run in the sector.
Just a matter of when.
The market just doesn't want to wait. Fair enough. However,...
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Mkt cap ! $24.27M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $47.53K | 4.753M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3488765 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.1¢ | 8688899 | 15 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.1¢ | 1.1¢ | 1.0¢ | 1370194 | ||
| Last updated 15.11pm 05/06/2024 ? | |||||
| CLA (ASX) Chart |