Couldn't agree more. It will be interesting to see what happens...

First 2 Last

Share
Profile

Follow
bdigii

718 Posts.

114

17/01/19

11:29

Post #: 37141706
Share

Originally posted by T.E.P.: ↑

To me, it looks like we have now finally bottomed out.

I'm expecting 2019 to be a strong year for CLQ.

Nickel prices have finally lifted off their bottom and encouragingly are climbing (up 9% so far this year).

Excess cobalt supply may remain for a year or two, but prices look set to be stable/climb in the longer term (cobalt isn't going completely away in EV batteries: https://www.lek.com/insights/fast-moving-ev-battery-market-how-win-against-competition)

Moreover, this year we have some big catalysts, including financing and off-take agreements (within the next few months), followed by the green light of approval from the board (mid-year), followed by the commencement of construction (mid-late 2019). These will all de-risk the project and therefore move us closer to the intrinsic value of CLQ.

The 2018 CLQ bear has turned into a 2019 CLQ bull and we look set for a ride back up to a level closer to true value of CLQ. [Market cap of approx, $1.5b USD according to the project NPV].

Historically, the share prices of mining stocks typically always tend to peak somewhere between construction and first production.

If we are lucky, we might hit $1 before the year is done, but for the moment, my personal target is 80 cents by the end of the year.

GLTAH. DYOR.

Expand

Couldn't agree more. It will be interesting to see what happens with short positions over the next few weeks, as I suspect shorters might be starting to get worried. Also, announcements foreshadowed should now be imminent.

GLTAH - out time is coming.

CLQ Price at posting: 48.0¢ Sentiment: Hold Disclosure: Held
15 Upvote

0 Great analysis

Reply

Top Stories

MIN

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

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

WC8

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

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 352 more messages in this thread...

First 2 Last

Add SRL (ASX) to my watchlist

(20min delay)
Last 24.0¢		Change -0.005(2.04%)		Mkt cap ! $39.70M

Open	High	Low	Value	Volume
24.5¢	25.0¢	24.0¢	$3.101K	12.71K

Buyers (Bids)

No.	Vol.	Price($)
1	17942	24.0¢

Sellers (Offers)

Price($)	Vol.	No.
28.0¢	25000	1

Last trade - 16.10pm 27/11/2024 (20 minute delay)

SRL (ASX) Chart

Couldn't agree more. It will be interesting to see what happens...

Top Stories

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

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

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

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Buyers (Bids)

Sellers (Offers)