I am shareholder of both BPL and COB. Therefore the situation has not changed for me being a LTH of both companies.. I applaud the company's decision as being prudent and managed. COB has 70% BPL 30% the asset is still in the ground, the market for batteries is still there, batteries still require cobalt. The situation is the same nothing has changed except the time line. The SP of both companies has fallen due to the pressure from short term holders and the present state of the market.
Ann: COB: Thackaringa Joint Venture Update, page-2
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