Nothing is certain in legal matters, so I'm still wary of the outcome. However if the ruling is in favour of COB, BPL gets diluted to below 5% and as per the agreement, has to leave the JV at a total cost of $0. For a number of reasons: ie clear plan/vision, value accretion and most importantly the ability to engage third party/downstream partner negotiations. This would be a big deal for COB.
In other news - Some chatter that Chinese entities are intentionally flooding the cobalt market to suppress prices in an attempt to acquire the last remaining cobalt smelters at low prices - makes for interesting times ahead for strategic non-Chinese owned cobalt assets like Thackaringa.
Nothing is certain in legal matters, so I'm still wary of the...
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Last
9.0¢ |
Change
-0.003(3.23%) |
Mkt cap ! $37.95M | |||
| Open | High | Low | Value | Volume |
| 9.2¢ | 9.2¢ | 8.8¢ | $68.42K | 762.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 113448 | 8.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.0¢ | 30976 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
9.0¢ |
Change
-0.003 ( 0.11 %) |
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| Open | High | Low | Volume | ||
| 9.0¢ | 9.1¢ | 8.8¢ | 342330 | ||
| Last updated 15.48pm 02/05/2024 ? | |||||
| COB (ASX) Chart |