Ann: Opuwo Project Update and Board Changes, page-224

Business
German Car Industry to Invest $45 Billion in Electric Vehicles
By Elisabeth BehrmannMarch 2, 2019, 11:21 PM GMT+10

This vehicle step change is clearly just starting to gather pace.

Glencore and the Chinese have achieved their aim of smashing the Cobalt price into the ground, now they start making their moves to lock up more of the potential supply to maintain their monopoly. IMO

Wouldn't they want to lock up what is a potential top 10 cobalt resource now at bargain rates for their own future use as required, and also knock out any potential competition?

Here's what I would be doing if I was one of the big players:
Start nibbling away at CLA this week until I reach a 5% holding. Shouldn't be very hard taking them off the panic and disillusioned holders at around 2 to 3 cents, and finally around 4 cents as the technicians realise someone is accumulating.
Announce > 5% holding and throw a hostile offer out at up to 10 cents for the remaining shares (price depending on sentiment based on new reports of a sudden new surge of supply about to hit the market. Good timing cough cough)
Majority of holders see a chance to save some skin and accept the exit opportunity. 
Drill the hell out of the remaining CLA tenements to confirm resource. Fast track production facilities.
Place DRC ops on care and maintenance due to concerns about human rights. (Let the cobalt price look after itself now)
Takeover and expand all CLA's Namibian community projects, announce the companies new PC policy on mining activities.
Company regains shareholder faith resulting in share price increase.

The above may sound fanciful to some but I reckon some version of that scenario could play out. Just an idea really, based on the belief that the Cobalt price will be a lot higher and more stable in the next 3 to 5 years. 
CLA doesn't have a shareholder large enough to block any takeover but does have a lot wanting out. Perfect timing for the big boys to take the company off the retail holders for a song.