COB 1.22% 8.3¢ cobalt blue holdings limited

Sorry, maybe I'm missing something but isn't this the whole...

  1. 229 Posts.
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    Sorry, maybe I'm missing something but isn't this the whole point of building a refinery first?...that in being a refiner, you are paying what it costs the rest of the market (or better) for feed stock that you refine and sell at a margin as "refined product"....i.e... the margin is in the refining and so the model is largely independent to the underlying price of the commodity.
 
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