IF the USG agree to fund a domestic cobalt refinery - the ICO is...

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Deme

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27/07/23

16:03

Post #: 69018565
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Originally posted by miningnut: ↑

If the USG steps in and pays off those bonds then that would have to be classed as a miracle - I can't believe Uncle Sam is that stupid.

It's really difficult to see what the catalyst will be to fire up the share price from here - their only tangible asset is a boring refinery in Finland that is going to struggle to make a decent profit in the foreseeable future - the rest is a bunch of intangibles that might never amount to anything.

I must say it beggars belief to me that they're only providing $40.3mil as an impairment against the cost of the ICO mine where the accumulated costs must exceed $300mil - I just don't understand how that gains audit approval.

Look for the Notice of Meeting when it's released later today for the 25Aug meeting- Corporations Act requires 28 'clear' days notice - no talk about a 'share consolidation' in the quarterly today but....

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IF the USG agree to fund a domestic cobalt refinery - the ICO is a logical source of feedstock. As such, the USG should grant them access to loans with which they can sub out the Nordic bond. I'd imagine the DoD & DoE would do some cobalt deals with Jervois - along with industry.

Check out the excellent address & discussion between U.S. Under Secretary of State, Jose Fernandez, and Joseph Majkut - re: U.S. critical mineral strategy on 20 July 2023. I'll post a video link later.

JRV Price at posting: 6.1¢ Sentiment: Hold Disclosure: Held
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IF the USG agree to fund a domestic cobalt refinery - the ICO is...

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