Yay* I really enjoy charts as it is my weakest are when it comes to investing.
Time to overlay commodity price on that chart- especially the cobalt one once nickel gets back to say $12,500. It may be a really worthwhile learning experience for those of us not hooked on sector fundamentals such as supply/demand & base prices connected to geopolitics etc as I am ( thanks to oil investment background ).
I forgot all those basics & missed out on a massive earn with this last year.
We will soon be in an ever better position than we were when we hit $2.20- we are closer to production ( less risk than there was 12 mths ago ), still have no debt, have taken on no desperado type offtake deals & of course still own all our tenements 100%.
I suggest playing with commodity chart overlays because we are at the start of what caused cobalt to spike last year- Katanga is closed ( 25% of world production gone ).
That mine came back on line in March this year. That was when our price started to fall, then loyalty options, then tax time. Next year? No loyalty options. Higher demand but 25% lower supply. ( even once Katanga comes back supply will have grown so it won’t have as much of a dampening affect as it did this year ). Financing/offtake partner. Nickel said to be the metal to watch as far as price rise goes. Cobalt will be higher, very possibly back past the $80,000 mark.
Batten down the hatches everyone- the perfect storm is on its way.
A great start to spring for us here in Oz. *Safe trip home to red, hope you’re enjoying yourself*
ARL Price at posting:
66.0¢ Sentiment: Buy Disclosure: Held
