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36.5¢ nzuri copper limited

Ann: High-Grade Cobalt Results, page-84

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Walter123

565 Posts.

24

17/08/18

10:12

Post #: 34989290
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Originally posted by africadale ↑

I believe he is pointing out that the Chinese cobalt stocks lead price action. They hit their lows before official cobalt price found its low. Insiders see the price on the ground or demand for product in China slowing so sell off cobalt stocks before the LME price catches on. And now we see the same Chinese cobalt stocks are now rebounding strongly whilst cobalt price is still lagging. The theory being that we might expect cobalt price to follow up now if these Chinese stocks are leading price action - and that lag and Chinse lead may be a good indicator for buying stocks like NZC.

Someone is providing decent buying support here today which is nice to see. Would be positive sign to regain the CR price prior to news.

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Interesting article....one slant on the cobalt prices.

Regards to all.

NZC Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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