Yes I stated I get the logic and it’s not just a COB thing. I still think it’s crap and not something Tim Goyder of LTR would say.
My average is 22cent sold 80% of them in stages over the last year at good profit and will ride the cycle back up. Just gotta play the game not about affordability each to their own in that regard. I agree it’s got legs but a lot has changed we are not hearing about the samples as I guess we are now dealing with a trading house and don’t need to engage individual companies. Seems odd that we have a non binding agreement with a Japanese trading company with land at Kwinana it’s confidential but they tell us that much. It’s odd that it was not announced through the asx I have always seen non binding agreements announced through asx Not doubting just wander why they are telling us all about it but nothing official.
Waste stream has been pushed out further, Joe says they are not thinking about a Cap Raise and then say’s will be thinking about in the back end of the year . ( which is it?) I guess from his comments it will be institutional at a discount.
For those who are passive investors and happy to ride it out I am sure COB will do well, please don’t mistake my objectivity for negativity I am still holding a decent parcel.
COB Price at posting:
27.0¢ Sentiment: None Disclosure: Held
