independent valuation of luapula plant, page-283

@cfp

Pretty obviously the price crashed from the short term high back to the longer term 'normal' price. Cobalt has lost 2/3rds of it's value since around this time last year.

http://www.infomine.com/ChartsAndData/GraphEngine.ashx?z=f&gf=110572.USD.lb&dr=max

Current price of ~ $US15/lb is back where it has been for most of the last 14 years. There have been 2 spikes in price over that period. After the crash in cobalt price in 2008, the price was around these levels for nearly a decade before having another spike.

The opportunity for quick gains here has come and gone IMHO because the stock has been in suspension for nearly a year while the crash in cobalt took place.

How far has the company progressed in the last year?? IMHO not very far at all.

WFE do NOT own any part of the plant until they pay the $US5.5m, cash they don't have.

WFE then has to pay the estimated $US10M to get the plant functioning/running (from IE report).
Again cash the company does not have.
The company IMHO appears to be dragging it's feet on all aspects of this. I don't understand why shareholders are not on the phone demanding some action.