Love the balls of steel comment - and totally agree. I'm looking...

Love the balls of steel comment - and totally agree. I'm looking at my entry price, and today's price... and my balls of steel were only large enough to hold, not sell, this morning. Double-down buying on what we know today? That would take some platinum gonads.

What I did do was take a bit of a look at the shareholdings:

https://www.marketindex.com.au/asx/cla

757m shares. The panic selling this morning was worth about 20m shares, and is about 40m as I write. This morning's bottom was 1.6c.

There's about 2,000 holders of less than 100,000 shares - and I'd hazard a guess a lot of them exited this morning. And yes, perhaps some of the T20 were selling, too.

But if I were in the T20, and believed this is still a going concern, I'd be look at today as a hell of a tree shake to get more shares cheaply. I'm not big on conspiracy theories - Occam's razor is more my style - but Friday's announcement, without a more positive spin, would be a perfect way to achieve that.

Of course, it could be that the metallurgy is crap, and we're toast. There's a lot of trash talk on other stock's boards about our grades...

So as always - DYOR and GLTAH

PS - the sheer number of downramping and bitter $hit-posts from non CLA holders here this morning (all weekend, actually) is pretty confronting. My ignore list has grown exponentially. I'd counsel any CLA holders to check the posting history of the more extreme Sell/Not Held commentators - if they've never posted on the CLA threads before, then their advice is worth even less than mine!