I'd only sell if BB sells. We should expect some movement in the top 20... but I don't see it been into the ground. As far as I understand the message is clear:
- Updated Mets haven't improved the output of cobalt. Perhaps they expected to squeeze another ~25% margin out of improved methods, but it hasn't been successful. Sounds like they have no improvements to report.
- Therefore is solely dependent on Co price. It's actually pretty smart to not escalate commitment costs at this stage if the dollar game is negative.
- I wouldn't expect any other announcements before open, would not help...
So the project is leverage to Co price. Unfortunately for holders this is going to hurt tomorrow. Perfect buying op for those who want leveraged exposure to Co price upside. After the huge sell off will be buying op, hence buy. I will hold existing holdings. How low will she go?
I'd only sell if BB sells. We should expect some movement in the...
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $31.56M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $33.20K | 2.569M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1158932 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 1066730 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| CLA (ASX) Chart |