COB 2.90% 6.7¢ cobalt blue holdings limited

Ann: Suspension from Official Quotation, page-15

  1. 11,748 Posts.
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    Correct @robbo24 15 months on and it is exactly as BPL stated in the 5th September 2018 earn-in announcement, the IE has assessed (I assume) that decisions made by the management of the TJV regarding the apportionment of costs following the initial earn-in were not in keeping with the TJV agreement.

    5th Sept.

    "BPL has assessed the technical and financial milestones under the TJV Stage 2 and confirms that COB has now earned a 70% beneficial interest in the TJV. BPL holds the balance of 30% beneficial interest and 100% of the legal title"

    If BPL can fund their 30% then it looks like we only missed a year where the cobalt price was in the toilet, if you look on the bright side that is.

    Cheers
    Phil.
 
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