I'm in pretty deep on CLA, liked the story and still like the story, just not the current outcome. Yes, lack of information is a deep flaw of management and coulda shoulda woulda sold out long ago.
My next move on CLA will totally depend on Top 20 report when it next comes out to confirm who knew what and when. If there is no movement then I'm averaging down and staying for the long haul, if there is massive change, then I'll cut and run.
The Chinese have done a great job of pushing down Cobalt pricing to make it uneconomical outside of DRC state owned mines. As with Top 20, if the 'smart' money sees that they can continue to keep prices suppressed or eventually succumb to the 'Global EV revolution'. I stress global EV because I have never seen how EV will ever work in a country like Australia!
CLA Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held