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15.5¢ first cobalt corp.

Glencore may partner refinery, page-4

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rick26

5,358 Posts.

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27/05/19

20:16

Post #: 38768406
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Originally posted by kevkert: ↑

https://www.streetwisereports.com/article/2019/05/23/first-cobalt-corp-and-glencore-sign-mou-on-cobalt-refinery.html

This is big, really big. I can't say it's a surprise that Glencore AG might want to partner with First Cobalt Corp. (FCC:TSX.V; FTSSF:OTCQX; FCC:ASX), but it would be by far the best possible outcome for management's strategic review of its 100%-owned refinery in Ontario. Shareholders and prospective investors were understandably growing nervous about First Cobalt's ability to deliver the restart funding with little or no additional equity issuance. Not because of management, because the battery metals sector is a complete disaster. Everyone knows that the cobalt price is down a lot, did you know that vanadium is down 73.5% in six months? This news alone, if this agreement is consummated, it could mark a turning point for select cobalt juniors

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It's very good news, supply locked in and everything.

FCC Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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