So look this SP is not about me - its all about the cobalt price and always has been.
Kreno I agree with you that IMO CLA's marketing is and has been generally a bit sub -par. Thats cos its run by two Geos. But most people who matter in the business are now aware of CLA - unfortunately, not all the investment houses and global retail punters are.
but again - it's easy to criticize hard to create.
I am gently nudging them to increase their marketing. but right now I think they are right in saying the money needs more importantly now to be spent mainly on drilling and metallurgical to prove up our asset and our fundamentals in the best light.
I and some others are currently working on an X for Ghekos holding now.- but again its easier said than done in this current crap bearish Co environment over last 10 months. Also, I'm not on staff and privy to all info and more importantly I'm not getting paid for any of my work and I have other things to get on with too with my time and capital.
And yes I also believe they could do better than Hartleys and Aesir as their brokers.- but again this gets easier when they have a resources upgrade and an SS, otherwise, for most big serious brokers and banks it's still a bit its pie in the sky-particularly in this bearish environment. In a bullish one things get much easier.
when the price was running up and everyone was bullish the share price ran up. now the Co price has collapsed by 70% all the cobalt juniors have collapsed by 70-80% in line with the price. Its simple economics.
it also makes no real difference whether CLA had their SS out or not last Nov. It still would have been crucified. it also makes no difference if I had been bearish or bullish on my posts,Im not that important in the global market. its also makes no difference if they had obtained better marketing support- The price would still have been crucified, we've just fallen approximately in line with all other cobalt explorers (and most producers) equally.
Take cobalt 27 which to me is the best-marketed of the cobalt juniors or pure cobalt plays in the world right now. Constant stories in the global press, a battery of 6 top International investment banks onboard behind them who filled them with cash in the good times and produce sensible research. Even their asset is basically just pure mined processed and stored cobalt. How much more pure and risk-free can that be??. yet they have also fallen from 13.20 high to 3.80 now that's around 73%. CLA have fallen 77%. I know this sounds really naff down here but CLA has actually outperformed many other cobalt explorers in this collapse.
The benefit of CLA is its huge strategic resource in a relatively sensible country with decent laws and infrastructure. Its downside is we will not be one of the cheapest producers. Thats it!. AS BB has always said we will live or die or thrive or fail based on the cobalt price -the rest is hot air. And cobalt price is a dog right now - simple. but that can change in days , or certainly weeks. We all know that.
so lets stop the blame game. we all do and are responsible for our own trades. Instead lets concentrate more on news and analysis of the cobalt price and market - as that's whats going to get us out this hole. That's the elephant in the room, and that's what matters to the SP. The rest is white noise.
As for calling my ramps 2$ ramps. they were not /are not. You saw the fair and potential figures when co price was high produced by several sensible fair analyst shareholders here taking into account most factors costs and reasonable and fair forecasts at the time - it equated to a potential 3-4$ share when production would begin. so 24 cents was reasonably conservative foredcast on SP potential. If Indeed the cobalt price had kept climbing (as I (wrongly) and most other market bulls expected) the share would Indeed have gone much higher as someone pointed out - (and it hopefully will again).
As for buyers lurking -they are, and they have been for some time. I know as I've introduced some potential ones and have been made aware of others involved during the course of negotiations and discussions. But right now no buyer is fighting to jump in when the Co price is still falling and market sentiment is crap and no one else is making a move to start to push the boat out, and thers no basic SS on costs. So let BB and the consultants do the resource upgrade and the SS. Then we will have a more defined product and defined value and then hopefully the more serious marketing can begin and then hopefully some of the potential interested who have been kicking tires so far may start making moves. the the fun starts. so fingers crossed.
In the meantime it's simple- it's a waiting game for us now and its all about the cobalt price. It's a classic case of a potential short-term trade going wrong and turning into a long term hold. But at least our asset is there and the forward Co fundamentals still look well in our favor.
so live with it, or cut loss and play somewhere else as many are doing now.
and remember t- buy em when you hate them sell em when you love them. I forgot to sell it when I loved it! (mainly becuase I thought this one could be one of the very few shares we ever own that does really get hit out the ballpark).
but now we have to wait a bit longer to find out.
GLTA
CLA Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
(20min delay)
