Contrary to opinion I’m liking what Tony stark (Airguide) and JB (Vision) are doing here...let’s get the offtake which completes the “cobalt real estate package”
Yep all sorts of reasons they are doing this which probably does include releasing funds for cash liquidity.
High level we have revised strategy for the dual listing IPO event of 2019
- an “imminent DRC clean cobalt producer” and what an IPO
A. Owner of a plant
B. Short term supply
C. Offtake with funding to unlock “near term cash flow
What a prospectus!!
Not to mention we have an “iron ore asset”...so. Multi commodity
Nope...I like it...go short and get into cobalt production then increase profitability with short term supply agreements...piss off the let’s go dig holes for now
Maybe JB needs to talk with Eric “the black panther prince...this bloke has a USA war chest of $500m and looking for cobalt in the DRC...wonder who that “cornerstone” investor will be????
WFE Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
