6 million is peanuts for LG, it's hardly a huge commitment for them. This is a stock that is good only in the long term once all the uncertainty is removed. They need to come clean on what the plan is as they need a lot more time than anticipated for the BFS and it is ideal to just sell the cobalt at least for a couple of years without the whole process of purifying it.
Along with all this, we still have the capital raise+ trade war + high probability of a recession before we get into production either way (unless we sell the cobalt asap, its over as technology is not going to wait a decade just because Cobalt Blue thinks it should get the most out of its resource, who knows what other companies might accomplish in terms of cobalt extraction). The current timeline is way too long and way too dependent on outside factors.
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COB
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5.6¢

Ann: Full Year Statutory Accounts, page-8
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Last
5.6¢ |
Change
0.002(3.70%) |
Mkt cap ! $24.91M |
Open | High | Low | Value | Volume |
5.6¢ | 5.6¢ | 5.4¢ | $14.59K | 261.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 218181 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 20248 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 18181 | 0.055 |
4 | 275061 | 0.054 |
3 | 112588 | 0.053 |
6 | 78173 | 0.052 |
5 | 311090 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 30000 | 1 |
0.058 | 103580 | 2 |
0.059 | 12000 | 1 |
0.060 | 105395 | 3 |
0.062 | 50000 | 1 |
Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
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COB (ASX) Chart |