ARL 4.44% 47.0¢ ardea resources limited

RE: Cobalt 27They tried selling their cobalt assets to Pala...

  1. 59 Posts.
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    RE: Cobalt 27
    They tried selling their cobalt assets to Pala Investments at the very bottom of the market for cobalt. The CEO of Cobalt 27 worked/works for Pala, and was going to get 7 million dollars in the deal. Shady stuff. The nickel streams were to be spun off into Nickel 28 and all the shareholders were going to get one share. It was voted down once, but they are trying to push it through after a slightly improved offer. Other than that they have not been up to much.

    I sold a little less than half my shares of Cobalt 27 today. Might get a little more ARLbiggrin.png
 
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