Have been following for a while now. Top 20 shareholders own 74% (HSBC included -8%) of the company and no-one is keen on selling any shares. I just get the feeling that if they have any significant find because Clancy is so small it could easily pop and become a 5-10X investment. Gold and copper both on the up.
The Goldfields JV has massive potential and Clancy are clearly a very professional outfit with great land to get such a (US$8BN Market Cap) partner. And the JV is not hanging about, all drilling this Q. Drilling all within 50-250KM of other gold copper mines (Rio Tinto). Massive potential.
To be honest I think you would have to be stupid not to have a little money in this during this Q.
CLY Price at posting:
15.7¢ Sentiment: Buy Disclosure: Held
