$5M MC, Resource 125Mt @ 1.06% Ni & 0.7% Co, page-46

I'm just worried about the top holders. Main holder is a Chinese mineral company who with J.P. Morgan, who have held shares for companies in the past, have nearly the majority holding. Making it not a reach for them to get over 50%.

I think it's quite likely that down the road they would just sell out their majority holding to a Chinese car manufacturer who will mine the resources and sell them on to themselves at a very low price - just above cost - to allow the car company to take all the profits, effectively starving out this company.

It would make sense to me anyway, and is what I would do if I owned a car company and wanted to secure my cobalt and nickel at well below market value for the next 50 years to allow me to make dirt cheap electric cars.

(I'm really not trying to down ramp), and having said all of the above, I do think this company has some short term upside potential due to the hype around cobalt and nickel and will be looking to buy in the mid 2's, and even more if it drops back around 2 cents.

Will be keeping a close eye on this one for sure. Because if it doesn't turn out that way, you will be right. There will be huge upside potential here.

Cheers

(Sentiment: None)
(Position: Not Held - yet)