But x10 is a bit extreme. CLQ went up about five-six times from when they were in our position. I'll be plenty happy if we get x5. Even if the international stock market crumbles and the cobalt price stagnates I don't think we'd go below 0.5 dollars, and that times x5 is 2.5, which would be a significant improvement on now.
Even if the cobalt price somehow even falls I think nickel will continue to rise, so we wouldn't lose any money at least.
Most likely we will make a lot, but I think it's good to keep extremely unlikely nightmare scenarios in mind.
ARL is maybe 37% of my position now after other stocks have taken slightly more of a pounding, so I'm very optimistic where my dollars are at least.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
2 | 10212 | 46.5¢ |
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Price($) | Vol. | No. |
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1 | 2000 | 0.460 |
1 | 2000 | 0.450 |
1 | 2222 | 0.440 |
1 | 1000 | 0.435 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 6907 | 2 |
0.500 | 8826 | 1 |
0.520 | 22885 | 2 |
0.540 | 50950 | 1 |
0.550 | 900 | 1 |
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