@Shaq_01 ..........." every cobalt co has lost money - lots of money in the last 11 months
If we had not been in TH building our story
1. we would have lost MC and SP
2. CONFIDENCE
3. MOMENTUM
4. ASSOCIATED OPPORTUNITIES "
You need to re-think this, like all of the rampant bulls associated with this stock. The first part of your post tells the entire story...........
"every cobalt co has lost money - lots of money in the last 11 months"Basically because the price of cobalt has fallen about 65% from it's high, and confidence (plus hot money) has left the sector until the next spike.
Just because WFE has been in a suspension does not stop the market from re-rating it (downwards), just like ALL the other cobalt stocks.
I agree with Shaq that WFE would have lost MC and SP if it had been trading, just like all the other cobalt stocks.
Which cobalt stock has reversed the downward spiral and gone back to the prior highs?? Answer is NONE!!
All the info about this company gaining a processing plant was known/hinted at prior to the suspension, so basically nothing new in the past year, except that holders have been stuck in WFE the whole time.
The real question for me is how will WFE raise funds at the 2.4c/sh level, which is the price in early June last year, when both the price of cobalt and EVERY other cobalt company has lost major ground in the same time period??
To raise money now for a cobalt project, it should be priced according to what the market will bear, or could be a disastrous failure IMHO. It is obvious (to me) the market will NOT wear the price as June last year.
To think shareholders have not 'lost' because the stock is suspended, is a nonsense IMHO, all that has really happened is stockholders have been unable to exit if they so desired, which many would have as the price of cobalt fell, just like in every other cobalt company.