Lets take a deep look at Gecko Namibia, who holds 50.75million shares of CLA as the biggest share holder, accounts for 8.48% of total shares of CLA.
Gecko Namibia (Pty) Ltd is a wholly-owned company in Namibia, Executive Chairman and Founder of the company is Kobus Smit who is a billionare with excellent reputation, Gecko's Managing Director is Mr Pine S van Wyk who is also Director for CLA now. As the managing director of Gecko Namibia, he has established a strong network of contacts between the entire mining sector and Namibian government agencies.This is very helpful for CLA's future work.
Lets also see the relationship between Namibia Rare Earths Inc. ( TSX: NRE) and Gecko Namibia, The Namibian rare earth company NRE is a Canadian listed company that holds a diversified portfolio of key metal projects across Namibia. The company has been operating in Namibia since 2005 and until the end of 2017, its only focus was on the development of the Lofdal heavy rare earth project in northern Namibia. In early 2018, the company purchased a series of projects from Gecko Namibia (Pty) Ltd. Pine van Wyk is appointed as CEO of NRE, Gecko Namibia holds 43.79% of NRE's total shares;
Same big shareholder ( Gecko Namibia) and same Director ( Pine S van Wyk ), the Kunene cobalt- copper project ( NRE ) was aquired from Gecko Namibia early this year only, and they even havent started any driling work, not to mention JORC, look at their share price recent performance ( over 50% share price increase), we can understand that Namibia's cobalt is becoming more and more attractive not only in Australia, but also internationally. attach link is NRE's latest company presentation, http://www.namibiarareearths.com/upload/Corporate_Overview_March_2018.pdf;
Also, refer to below map to see the CLA's cobalt project and NRE's cobalt project, they are just sit side by side, CLA claimed that DOF length is 100km within their tenements, from the map, seems that CLA's DOF two times of NRE, is it?? All good!! DYOR!!GLTA!!
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Research on Gecko Namibia ( Kobus Smit is executive chairman and founder) And Namibia Rare Earth
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