CLA 10.0% 1.1¢ celsius resources limited.

Here's the two-year Co-price chart:- Hovering around $60K for...

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  1. 319 Posts.
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    Here's the two-year Co-price chart:

    https://hotcopper.com.au/data/attachments/1457/1457101-76ddaa9ce59672ca6cd107a1b2b564db.jpg

    - Hovering around $60K for most of 2017
    - Rising too fast and overshooting to $90K in first-half 2018
    - Causing a predictable supply increase (Glencore's production went from 27K to 42K and artisanal mining from 8K to 17K)
    - Sending the price south to overshoot to $30K

    Now, what do people think the Co price will settle at over the next 1-2 years (taking into account the predicted demand increase due to EV and the fact that Glencore can only ramp up supply by so much)? 
    - If you think $60K or above (which is less than the average price over the last two years) maybe hang on to your shares 
    - If you think $40K or less then you should probably sell
    - If in between, well, tough choice

    [IMO, we'll hit $60K before the end of the year, despite, or maybe because, the experts being gloom-and-doom right now....IMO experts typically excel at articulating what happened, but rarely at what's going to happen] 

    Right now, the Co price is s**t so no point in reporting a resource upgrade or SS. 
    - So what can the board do?  If they put SHs first, they'd save costs by forgoing their salary (and swallow their pride) by stepping down as MD
    - So what can SHs do? Recognize the integrity of the board and remind oneself CLA is a leverage play, so form expectations about Co price and make up your mind

    Or SHs can anonymously discredit management and fellow posters and whine on HC multiple times a day, crying for baby milk...  
      
 
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Last
1.1¢
Change
0.001(10.0%)
Mkt cap ! $29.13M
Open High Low Value Volume
1.0¢ 1.1¢ 1.0¢ $35.54K 3.534M

Buyers (Bids)

No. Vol. Price($)
2 2480023 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 4234832 6
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Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
CLA (ASX) Chart
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