CLA 0.00% 1.2¢ celsius resources limited.

cause for concern?, page-40

  1. 4,972 Posts.
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    My take-

    Cobalt price has flatlined at 70K but in a downward trend.Needs to inch upwards and break downtrend.
    Trump is talking big on taiffs ,500 billion on China alone, big threat to worldwide growth.Also plans tariffs on car industry which will hurt the industry worldwide.
    Trump is talking tough to the Iranians, but they may have the joker in the deck and cut off oil supplies from the region, 20 per cent of supply, oil prices rocket and hurts worldide growth.And this is on top of Venezuela woes.
    North Korea surely not giving up their nukes just yet,


    Apart from slight delay in scoping study, fundermentals have not changed.
    Mine is still viable at 70K.

    So if your a world optimist then its definately a buying opportunity.

    And if you are a world pessimist then maybe reconsider or hold your fire.

    I am in camp optimist, as i cant believe Trump would be dumb enough to get into a nasty situation and he is full of hot air.

    Still waiting for funds so i can buy a stake.

    Christopher
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