CLQ: A Multibagger in the Making [2019 Bull Run], page-2

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17/01/19

11:29

Post #: 37141706
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Originally posted by T.E.P.: ↑

To me, it looks like we have now finally bottomed out.

I'm expecting 2019 to be a strong year for CLQ.

Nickel prices have finally lifted off their bottom and encouragingly are climbing (up 9% so far this year).

Excess cobalt supply may remain for a year or two, but prices look set to be stable/climb in the longer term (cobalt isn't going completely away in EV batteries: https://www.lek.com/insights/fast-moving-ev-battery-market-how-win-against-competition)

Moreover, this year we have some big catalysts, including financing and off-take agreements (within the next few months), followed by the green light of approval from the board (mid-year), followed by the commencement of construction (mid-late 2019). These will all de-risk the project and therefore move us closer to the intrinsic value of CLQ.

The 2018 CLQ bear has turned into a 2019 CLQ bull and we look set for a ride back up to a level closer to true value of CLQ. [Market cap of approx, $1.5b USD according to the project NPV].

Historically, the share prices of mining stocks typically always tend to peak somewhere between construction and first production.

If we are lucky, we might hit $1 before the year is done, but for the moment, my personal target is 80 cents by the end of the year.

GLTAH. DYOR.

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Couldn't agree more. It will be interesting to see what happens with short positions over the next few weeks, as I suspect shorters might be starting to get worried. Also, announcements foreshadowed should now be imminent.

GLTAH - out time is coming.

CLQ Price at posting: 48.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Last 27.0¢		Change 0.020(8.00%)		Mkt cap ! $39.70M

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CLQ: A Multibagger in the Making [2019 Bull Run], page-2

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