One source of cobalt supply might be jeopardised, and that is bad for prospective new replacement sources (ie ARL)?
If anything the cobalt price used in the ARL PFS may look very conservative soon if DRC output meaningfully impacted.
I don't see all cobalt miners or future miners being swept up in a blanket price downgrade based on the above. Maybe other DRC miners might, but not ex-DRC companies.
Sorry, can't see the logic here at all in your "May 8th just may be a target for a lot of shorts." which follows your ARL commentary.
Unless you are talking about Katanga?
As P.H. would have said, "Please explain" Dean.
One source of cobalt supply might be jeopardised, and that is...
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Last
69.5¢ |
Change
0.040(6.11%) |
Mkt cap ! $138.6M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 69.5¢ | 56.0¢ | $363.8K | 598.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 34342 | 63.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 69.5¢ | 1399 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
67.5¢ |
Change
0.040 ( 0.75 %) |
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| Open | High | Low | Volume | ||
| 62.0¢ | 67.5¢ | 56.0¢ | 183666 | ||
| Last updated 15.47pm 03/05/2024 ? | |||||
| ARL (ASX) Chart |