You are trying to apply fundamental analysis to sentiment driven irrational exhuberance
The Cobalt price has held its gains and is in fact still increasing but the hot air has gone from the irrational exuberance trade despite the fundamentals being stronger and so most Cobalt stocks are off their highs and new deals arent grabbing the same bid they once did
The same is true of Zinc and to a lesser extent Uranium
Trade the trade but dont get caught thinking these moves have their basis in solid fundamentals, anytime a stock is able to rise 3000%+ by saying they are looking at XYZ you know you are in a period of irrational exhuberance
This isnt to say some true performers will emerge from the pack but the gains witnessed recently are simply unsustainable in the short term and potentially unjustified. Today's trading candles apart from SCU all seemed bearish to me but lets see what happens a few weeks from now
