Yes it will not be long before the share price is again above the $1 mark and the retail holders wondering why they fell in the trap and sold their shares.
LG bought into this project for $1.10/share and they would have done their due diligence on this resource before becoming part of it.
LG is a huge company and its a BIG DEAL that they think that COB is worth investing in and they are prepare to partly finance the operations and sharing their technical experience to get the plant up and running.
We should not underestimate such a partner and its just another pointer that COB will become a serious and reliable Cobalt producer away from the DRC.
COB Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)