CLA (ASX) Ann: Opuwo Project Update and Board Changes

Originally posted by phuket guy ↑

Benz please stop your constant negative wingeing agro comments mate. your little private vendetta to try to blame others for your loss is tiring - especially at a time like this - Nobodies "gone to ground" here. Ive got myself mates and other people I respect with millions in this company.

So for now Im trying to get the latest facts from the directors as much as I can. But I've been on holiday at a trail running event in the boonies in the pines since thursday. And so far they have not been very forth comming last two days. Im free today and hope to get through today. I don't want to say anything now until I get more info. I think its pretty bad /ridiculous the way management have made this announcement. and left the market hanging so much over the last months -even though i agree with the move now to go-slow. But We all need more info.

Like
has anything changed for the worse with fundamentals over the last few weeks since we talked that hasnt been or cant be announced as it coud be seen as a forward looking statement by ASX???

Like will the resource upgrade still be done and announced as previously announced and forecast?

will the SS still be completed as previously announced? - or not or If they need more time for the metallurgy - how long or will they just halt all testing and further SS met work for now.?

Roughly what cobalt price do directors anticipate might kick more expenditure on work back into action?

meantime Which directors salaries will be cut, which consultant costs will be cut etc.What other costs will be saved and subsequent forecast cash burn rate?

was there a squabble or agreement between directors on how to proceeed last BOD meeting etc etc..

are they now planning to just sit on their hands for a while as a "cobalt call option" or keep persuing marketing for a buyout- or persue a potential new project to use their good cash pos in meantime??.

We all know BB has been looking for a new CEO for while now (as he's said before at presentations) who can take this further than just geology (he's not a cobalt expert) whats happening there?.

Look going slow and cutting costs till cobalt price is higher as announced makes sense to me (as I've posted about before) indeed I've been pushing for it. But the market needs more facts on the status of the metallurgy and the orebody and what will be being announced and when..

The fact is we have a huge strategic cobalt asset that is probably not going to be viable till at least USD 55-60,000 a ton IMO - which we all knew. We also have some people out there who have signed NDA's and are sniffing around who believe cobalt will sit at higher than 60,000 a ton long term. so We still have all that but for now cash burn is being reduced which is good.

So as I say let me try to find out more and then comment or it'll just me more speculation comments here. Its a case of figuring out the issue to try to help solve it rather than just blindly guessing or wingeing.

Expand

Good post Phuket Guy and look forward to what you find out.

Way over reaction today and a bargain basement price for the many new buyers.

CLA still has money and a great resource that will in time be back in the money.

Cheers SandyC

No.	Vol.	Price($)
2	2480023	1.0¢

No.

Vol.

Price($)

2480023

1.0¢

Price($)	Vol.	No.
1.1¢	4234832	6

Price($)

Vol.

No.

1.1¢

4234832

No.	Vol.	Price($)
27	6375184	0.011
25	18903795	0.010
10	5676330	0.009
5	4520074	0.008
3	660560	0.007

No.

Vol.

Price($)

6375184

0.011

18903795

0.010

5676330

0.009

4520074

0.008

660560

0.007

Price($)	Vol.	No.
0.012	1968589	6
0.013	1135230	3
0.014	3150000	6
0.015	500000	1
0.016	2155633	7

Price($)

Vol.

No.

0.012

1968589

0.013

1135230

0.014

3150000

0.015

500000

0.016

2155633

(20min delay)
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

Ann: Opuwo Project Update and Board Changes, page-329

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Sales growth pushes Lovisa's fortunes (and shares) upwards

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Scientific conference spotlights PYC's work on blindness disease treatment

Buyers (Bids)

Sellers (Offers)

Ann: Opuwo Project Update and Board Changes, page-329

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Sales growth pushes Lovisa's fortunes (and shares) upwards

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Scientific conference spotlights PYC's work on blindness disease treatment

Buyers (Bids)

Sellers (Offers)