Ann: Ceasing to be a substantial holder, page-48

One of the strong points of CLA at present is that they have $8m-$9m cash and no debt and have avoided to much dilution

Buying into a business returning 15pc is not that easy and involves risk

IMO CLA doesn't need to take on this risk
Just simply wait for the things to change (which they always do)
ie. Cobalt Price, Supply/Demand then farm in and funding will step up
And keep costs down which they are doing

Keep Share holder dilution of this (leverage to future cobalt price and mine/met improvement) to a minimum and avoid any risk of liquidation

Sometimes the best strategy is not to be proactive, but patient and conserve what you have and wait for your longer term opinion to come about improve the value of your asset

All IMO