I;m sorry to say we will not reach 50c in 2024, it will be circa...

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Joeandhoes

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08/12/23

09:57

Post #: 71341611
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Originally posted by bluesamurai: ↑

2025We will see higher price movements in the metal. This is the year, supply and demand start to change. If you look at all the industry reports, this is the year for trend change. Also, a financing agreement for Broken Hill will come in which will also be a major SP mover. It will be hard to predict SP price here though companies that find success in moving to production have very high market caps that sometimes don't match the financial metrics. I look at COB like I do with Lynas Corp. Lynas in Rare earths that were a first mover, in more of a niche space all alone against China. COB with cobalt is the same, they will be a first mover all alone in a space against China. Premiums are provided to companies like these hence my investment in COB. I was invested in Lynas for the reasons mentioned above however I sold way too early. COB would be a great buy now and then a sell in 2026 when the market prices in a premium. QUOTE
Thanks for your thoughts cobalt2025 ,,,, Have always considered 2025 as the year the market really takes off for cobalt supply outside of China COB is as you state in a niche space. I feel that we will see a faster take up now with our imminent partnership with Iwatani Corporation they own the land in Kwinana where they propose a cobalt / nickel processing facility to become a reality this is a big step in the right direction. Have always considered that one company will want to be the first mover in the market , they are so heavily invested in supplying their large base of OEM s who will need longterm secure supply of ethical materials into the future. We may see some exciting developments sonnet rather than later in the new year IMO.

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I;m sorry to say we will not reach 50c in 2024, it will be circa 30c

COB Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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Last 8.9¢		Change 0.000(0.00%)		Mkt cap ! $37.53M

Open	High	Low	Value	Volume
9.0¢	9.0¢	8.7¢	$30.13K	342.1K

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No.	Vol.	Price($)
3	10651	8.8¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
3	10651	0.088
5	301827	0.087
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12	388712	0.085
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Price($)	Vol.	No.
0.089	64174	3
0.090	423911	7
0.091	25000	1
0.092	8000	1
0.093	85657	4

Last trade - 10.50am 08/05/2024 (20 minute delay)


Last 8.8¢		Change 0.000 ( 0.00 %)
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Last updated 10.31am 08/05/2024 ?

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