ASX: 17/5/21Strategic Financial Advisor Appointed COB has...

ASX: 17/5/21
Strategic Financial Advisor Appointed COB has previously announced the appointment of Cutfield Freeman & Co Limited (Cutfield Freeman) to act as its strategic financial advisor. Cutfield Freeman is a global specialist resources corporate advisory business, having successfully advised on over 150 mandated transactions across 50 countries. The role of Strategic Financial Advisor includes Partner Search, Financial Advisory, and Capital Raising.The co incident timing of shipping cobalt commercial samples in conjunction with this appointment is expected to significantly increase the commercial/investment focus upon the BHCP.

Global Sample Partner Program To date COB has engaged with over 30 global partners that wish to assess the suitability of BHCP cobalt sample to meet their production needs. These partners span Europe, India, Korea, United States, Japan, China and Australia. Over 90% of requests are for MHP samples.COB is proud to announce that first cobalt sample shipments will begin shortly and continue through Q2 2021. We expect all partners to receive their requested cobalt samples with independent assays and associated follow up technical/commercial meetings also likely to begin over Q2 2021.

The above was announced almost exactly two years ago to the day, the market finds it hard to understand why nothing positive has been reported on the samples or partners. Not sure this current weakness is anything to do with that, however the market perceives the company has little protection from moves like this without execution, sadly little in that way has been concrete so far.

Cheers
Phil.