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Notes from the AGM (sorry for the wait!), page-9

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Gipp

167 Posts.

45

07/12/17

14:26

Post #: 29455529
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Originally posted by Gipp ↑

Cheers Solarbat....excellent write up so thanks for doing that, we all appreciate it.

The more I think about it the more it makes sense to take on a large Corporate as an Off-take Partner.

The JV...by proving up better extraction rates from their minerals & shoring up further tonnage with drilling puts them on the front foot with a potential large Corporate Partner who could help contribute to the CAPEX costs to get the project up & running faster & allow the JV plenty of time for discussions with Platx without have to rush this process (there's no need to have this from day one IMO but very handy day two as supply becomes more of an issue & Thirsty's tonnage can instantly increase by at least a 3rd by adding Platx).

I think Cobalt suppliers have a fair feel for what type of deals they are looking to cut with Off-take Partners given VW was laughed out of the room by what it was proposing with suppliers under their Tender process.

Cobalt moved up again overnight from USD$67,000 per tonne to USD$68,000 per tonne on the LME just slightly below its high of USD$68,500 it hit late last week so looking good on this front.

That said...there's been profit taking across most Cobalt stocks today....a bit of cream off the top as they say...I would speculate by Fund Managers doing some year end window dressing for the books.

Cheers

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Cobalt just cracked USD$70,000 per tonne on the overnight LME.....a significant milestone.

Let's hope it consolidates at this level & pushes higher towards year end.

Cheers

BAR Price at posting: 5.2¢ Sentiment: Buy Disclosure: Held
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