CLA 9.09% 1.2¢ celsius resources limited.

Ann: Opuwo Project Update and Board Changes, page-56

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  1. 228 Posts.
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    Ouch. Not the news that I was expecting. With a 3 month transition period for BB and Laurent gone, how much direction will the company have come Q3 2019?

    Whilst I appreciate that they are stopping the cash bleed, I'm a little unsure on what price the board based their decisions on, as it seems that LME cobalt appears to be rebounding, and a lot of other prominent figures calling bottoms. I'm curious when operations will recommence and at what conditions the board will deem favourable to reconsider their decisions.

    Changing sentiment to hold. I await the updated results, but do expect a slowdown in announcements/results.

    As the internet saying goes: my disappointment is immeasurable and my day is ruined.
 
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