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CLA - Celsius Resources

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Trav. said:
SP see some action and then. Who would've known....these speccies are dodgy as and would love to exit soon
Click to expand...

Should be fine Trav. Announcement should be confirmation on the binding agreement/purchase of MCB. Lots of paperwork and Board changes etc.

They have just under $4 million in the bank so even if it does turn into a Cap Raise down the track, finalizing the acquisition should give the SP another boost before they need to do that.

The only way they can mess this up is to withdraw from the deal and given those copper grades, that should be unlikely.
 
CLA still tracking well and looks like $0.05 might be a bit of short term resistance. We are probably looking for some catalyst to give it a final nudge, and copper is doing well so that is a positve.



 
Will 2021 be the year that I can break even with CLA

Yep I am back again with another chart (Weekly) and like most holders waiting on some news



Extract from the RSM - Indepenent Expert's Report which will be presented at the AGM 29/02/2021for voting information

Just reading the below I would be mad not to buy into this company plus the maiden JORC for the new flag ship Maalinao-Caigutan-Biyog Copper Gold Project or 'MCB Project' to be announced sooner rather than later oh hang on I already have way too many so maybe some of the ASF members want to take some of my hands at a bargain rate... ???

 
@barney yes mate, maybe some ASF members read my post above and reached into their deep pockets

Leaky ship and some news coming soon ? but happy for it to build nicely.
 
After a small but expected retrace yesterday of -1.8% CLA has had another good day today closing on the high of $0.063 up 12.5%

Still no news but AGM is later this month so maybe people are speculating that some news might be released prior to meeting on the 29/01/2021
 
Well who would have thought that an announcement was due ... ? ? ( That is supposed to be a leaky ship )

 
Part of the Announcement below. Looks handy. CLA currently up 9% to .067


HIGHLIGHTS
 Maiden Indicated and Inferred Mineral Resource of 313.8 million tonnes @ 0.48% copper and 0.15g/t gold
 1.5 million tonnes of contained copper and 1.47 million ounces of contained gold
 High grade core of 93.7 million tonnes @ 0.80% copper and 0.28g/t gold will be the focus for the Company’s initial studies
 
@barney I was in 2 minds with the SP

1. SP goes crazy + 30% on announcement
2. SP has the JORC information already built in

Looks like it is No 2 and probably not a bad thing, as I would prefer a controlled rise.

The company didn't give us much time to read the 38 pages prior to opening back up today which to me is not ideal.

I am suspecting a cap raise soon for the drilling etc but CLA appears to be going in the right direction with it's last couple of acquisitions.
 

Yeah M8, I think they are on the way back with this project but eventual Cap Raise will be a necessary evil. Market Cap around $50 million with about $3.5 million in cash, so they have enough to go on with business in the short term. If they do raise soon though, it might be a good sign that they are keen to get things moving.

Currently back to .062 today so probably end flat. Bit disappointing to not see a more positive move today. Might go back into a trading range now for a while. Overall much better shape than a year ago though.
 
Just coming back to CLA as I am still holding. Drilling has started as per announcement below and while I can't find a completion date better than 6 holes drilled in the first year.



We have

A maiden JORC compliant Mineral Resource was declared for the Project in January, 2021, comprising’313.8 million tonnes @ 0.48% copper and 0.15 g/t gold, for 1.5 million tonnes of contained copper and 1.47 million ounces of gold. A high-grade core of 93.7 million tonnes @ 0.80% copper and 0.28 g/t gold will be the focus for the Company’s initial studies. (refer ASX announcement of 12 January 2021)

so I am expecting the Scoping Study to be released next....when is the million dollar question. After the last debacle with CLA trying to release a SS for the Opuwo Cobalt Project in Namibia, I expect a little more attention to detail this time.

SP closed @ $0.039 on the 1/4/2021 which is ~45% down since the January high. Plenty of opportunities elsewhere so long term CLA shareholders wait patiently for the next announcement.

 
CLA making some share price gains this week. It is now back over the 3c mark. With the cobalt price continuing to rise, is the economics of the Opuwo Cobalt-Copper Project in Namibia looking more robust? News around the corner?

 
Finally some good news for CLA after bottoming out at 1.2c last week after hitting a high of over 7c back in January 2021.

611m of copper @ 1.39% is outstanding. They are obviously onto something quite substantial hat the MCB Copper-Gold Project. How big is anyone's guess at this stage. There are a few more diamond drillholes to come in the current program, so it will be interesting to see what they return.


 
I've picked CLA in the March Tipping Comp.
Here we are again at the 0.019 line, will it break through again as it did in January? More to the point, if it does will it stay above it and move higher? Time will tell.
Yesterday volume was well above the 20d average, most likely from the announcement yesterday. Anyway we will see.



 
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