COB (ASX) where are the bulls?

I

Originally posted by Duncan04 ↑

Gentlemen, please refer to BPL thread to discuss topics about it and find answers to your questions.  Thank you for your cooperation.

With the PFS is around the corner, it is worth re reading ASX releases as well as interviews by COB’s CEO. A lot of info is already available:
-For instance: in a Nov 28th 2017 interview with Matt Bohlsen, COB’s CEO , Joe Kadevarek, mentioned that Cobalt laterite refineries require a lot of acid: COB will only need less than 10% of it.
He also states that because the ore is sulphide, its processing is simpler. The company will only need to refine 20% of the mined ore ( by then at a 0.4-0.5% grade= DRC head grade) and it is at the refining stage where the bulk of the production costs occur.
-On May 24^thin an interview with Resourcestocks he highlights the focus on elemental sulphur.“This is an important building block and significantly reduces both capital and operating costs relative to producing sulphuric acid. There are further advantages, in particular from marketing and permitting perspectives, where elemental sulphur creates strong advantages for the project.”
In the same interview he refers to the Laterite project risk:Korean (KORES) and Japanese (Sumitomo) partners have invested heavily in the US$8 Billion Ambatovy project (Madagascar). This is a large scale nickel-cobalt laterite operation that has not delivered promised returns. This experience is shaping future investment expectations. A lower risk cobalt sulphide resource( like COB) looks very attractive in comparison.
Finally JK says that by delivering a PFS it will derisk the Thackaringa Cobalt Project and commercial and investment interest will follow.
To  end, some comments from COB’s key people:
Proactive Inv. 19 March:   COB CEO:
“The confidence of an indicated resource ( 72% now) is a big tick, the scale (61 000 T of contained Cobalt) is a big tick and that is only the first double punch because as we come into the PFS investors will see how we will process the ore, and how effectively we can do that.”
-Proactive Investor interview April 9^th:
Trangie Johnston,  now ex Director of COB.”The next major catalyst … will be the release of a pre-feasibility study (PFS),….”
“It will be the first time the marketplace can see the economics of the project, and work done to date is indicating that the market will be surprised and impressed.”
-Proactive Inv: 20 April: by COB’s CEO
“Steady progress is being made in this regard (the PFS) and results to date have been positive”
-Proactive Inv. May1st: COB’s CEO
“We are very excited to be delivering the project PFS, as it will showcase the size, longevity and value of the world-class Thackaringa Cobalt Project.”
For new investors they may wish to look at the thread  “Key info on COB update” from May 1^stwith last post on May 17^th. https://hotcopper.com.au/threads/key-info-on-cob-update.4167133/#.Wyk1xS2PBE4
Also very interesting technical analysis from “mlives” on 2^ndApril based on COB April presentation ( see COB  website, Presentation April  2018 page 22)
https://hotcopper.com.au/threads/cob-on-the-move.4101043/page-21?post_id=32168734#.Wyk1QC2PBE4

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I hear you Dunc, and I appreciate your every input. However, it is frightening to see a 60% retracement on the stock in several months. Makes you test your conviction. The only way to remain long is to be in early enough. I am concerned as to why the market has not moved the stock higher in anticipation of the PFS. Will there be a sell on the news situation developing here?  Should we all stay the course? Is the market smart enough to realize that this investment is a great one?   Lots of fast money here I believe with little staying power. Comments?

No.	Vol.	Price($)
1	15000	8.7¢

No.

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Price($)

15000

8.7¢

Price($)	Vol.	No.
8.8¢	39710	1

Price($)

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8.8¢

39710

No.	Vol.	Price($)
1	15000	0.087
3	46624	0.086
2	110000	0.085
2	55000	0.083
2	30000	0.081

No.

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Price($)

15000

0.087

46624

0.086

110000

0.085

55000

0.083

30000

0.081

Price($)	Vol.	No.
0.088	39710	1
0.090	35000	1
0.093	25000	1
0.094	20000	1
0.095	22999	1

Price($)

Vol.

No.

0.088

39710

0.090

35000

0.093

25000

0.094

20000

0.095

22999

(20min delay)
Last 8.8¢		Change -0.006(6.38%)		Mkt cap ! $37.17M

Open	High	Low	Value	Volume
9.5¢	9.6¢	8.7¢	$57.85K	637.7K

where are the bulls?, page-26

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