http://www.cobalt27.com/_resources/presentations/KBLT-corporate-presentation.pdf
Cobalt demand to quadruple by 2030
Volvo committed to produce only EV and hybrid vehicles from 2019
China working with regulatirs to set a timeline for gas/diesel ban - this will be a watershed moment in my opinion
China set target of 10% EV sales with zero emissions by 2019, increasing to 12% in 2020
EV battery on verge of cost parity with ICE- we are at an inflection point
I have ridden this from 18 cents, sold a small parcel at $1.40, and bought more today at 63 cents. I have a huge exposure to this, and i’m Very confident the company will be successful in the next 3-5 years.
I can’t explain the sharp drop in SP. cobalt price has dropped by more than 20% in the past 6 weeks, and the conservative assumptions in the PFS added to the uncertainty. Still, this company, with all it has done, and with LG on board, should be well above $1.20. The question for me is how long will these turbulent times last before COB starts it’s march upwards
JC
