Just been announced that the American OM Group have sold their Finnish cobalt operation to a consortium of Freeport , Lund Mining and Gecamines for USD 435 million bucks . Turnover of the Finnish show is 454 million euros . This is the likely plant where AOH would place the cobalt from Klahti also on the West coast of Finland . Finnish state holding company is also making bullish statements about increasing the shares in mining companies that they have shares in - also AOH - could be a candidate at the ridiculously low share price . Whereas Talvivaara the Ni disaster co is bleeding to a rights issue which the Finnish state holding co will increase shareholding in probably to stop it going to the Russians over the border . Klahti could start extending the reserves from the ore body to the east . Probably extends under the Russian border !! No go zone in the past ! This is a screaming buy at massive discount .
AOH Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held