Ann: Opuwo Project Update and Board Changes, page-112

CLA holders BB and the executives have told us what we all on this forum already knew. If like me you’ve been holding for a while you would have experienced the euphoric days when Cobalt prices were in the 80,000 to 90,000 territory and everyone was hoping to push through 100,000+.

The market didn’t let that happen. However you need to look at a Macro level what is happening with EV, battery storage, climate change and government pressures. It’s all pointing to the world needing significantly more battery and storage technology and the resources that make this happen.

Is it fair that those of us with our ear to the ground early, with the foresight ahead of others are punished, no. Does the market care, no.

I’m not saying CLA is the best or only vechicle to capitalize on this growth sector - however as we can now verify its is HEAVILY dependent on its growth.

We have a company worth $35m with a bit under $10m in the bank. If we’re worth $17.5m on Monday then that’s valuing our resource at the same as 5 bedroom Sydney home with water views.

IMO the long term outlook for this sector is one of growth for decades, don’t let the market (which is out of your control) dictate your future.

BB is a passionate and honest (my meeting with him personally and how he has conducted himself to date has lead me to believe) guy. He’s also our largest individual shareholder. He’s sacrificing his own Salary (something a lot of other small cap CEO/MD/directors wouldn’t) for the good of the company, so we can wait out the storm and wait for the market to correct.

Puket Guy is passionate and informative and when the cobalt price was running hot was brilliant in getting new investors involved. Something we will need when the market turns around.

The one thing I would like to know is at what cobalt price is this company viable as that would give us an opportunity to assess where we think the cobalt price is going and how that reflects on the value of this company/resource.

Don’t get angry at individuals, it’s the market that has lead us here and the market that will get us out of here.

Good luck to all.