Cearly Monday is going to be red.Most of here took a punt that...

Cearly Monday is going to be red.

Most of here took a punt that Cobolt was going to have a dream run through 2018 and instead cobolt went and took a dump on the nice new rug in the corner and made one hell of a mess. But it will turn. Even this week its had a bounce and is set to continue. At the currently prices can anybody afford to keep digging it up ?

But greed and fear are 2 easy ways to lose a lot of money in investing.

CLA currently has a market cap of 35 million dollars. It's eventually going to settle on the price that a major player like glencore would be happy to snap up and just mothball for a year or 2 ( or maybe less if the bulls have their day ).

What price is that you should ask yourself ? Given the absolute massive size of resource I don't think it should be that far south for where it is now. As always Mr market will have the final say but at least do your maths on this figure lest you get burnt twice.