A couple of observations. Phuket Guy was a top 20 holder and very pro the company. Perhaps he is taking this development extremely hard both financially and phycologically . Phuket Guy I hope you are OK.
Secondly it is not the end of the world as we know it. They will be conserving spend and using the time constructively so that when Cobalt prices rebound and thats a given, they will be ready to proceed with the project. Other than the cobalt price being crap and them struggling to get the recoveries processes right, the other fundermentals have not changed and it is still a huge resource.
Now my very small holding , which will soon be smaller will be betting on a positive outcome somewhere in the future. And look they may suddenly get an offtake partner who will bring some money in as prepayment for cobalt or they may get a takeover offer or jv from left field who knows . And we still await drilling results as well.
So i will turn off my computer on Monday as i dont enjoy watching panic selling.
Christopher
A couple of observations. Phuket Guy was a top 20 holder and...
Add CLA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.13M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $6.273K | 574.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 5697195 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 3360883 | 7 |
View Market Depth
| Last trade - 13.38pm 29/11/2024 (20 minute delay) ? |
| CLA (ASX) Chart |
