At least CLQ is getting up near a billion $AuD market cap.
But I have been asking myself the same question, about a number of the other leading Aussie cobalt spec miners.
Put aside CLQ for a moment...look at the situation at Korean Mines R Us,
Ardea, and even COB to an extent.
There is something really peculiar going on. The well-publicized commodity situation
is doing nothing for the sector.
PGM is near zero...which I can sort of understand, they have withdrawn from the cobalt race.
But what about the others ? Why is the sector mostly disappointing its shareholders while nickel and cobalt are doing well ?
Are we missing something, or do we just have contrarian opportunity knocking ?
I am not worried about CLQ. But I am hesitant to get larger exposure in the sector, before coming to a
plausible explanation of why so many of the best prospects are real disasters, stock-price wise.
Although I believe "Speed to Production Matters" , it is not entirely satisfactory to me as an explanation for the pitiful market caps of the other spec miners.
CLQ Price at posting:
$1.13 Sentiment: Buy Disclosure: Held
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