I got out at a small loss. I take is: recent raise of RMI price is purely speculation based on cobalt price. If the raise was long enough, I could make some money in short time, if not, I will get out at small loss. It is pure gambling.
In long term, the company has potential, but it success is totally dependent on management ability to deliver. The area where this resource rest is far away from infrastructure, access to engineering, skill labor; therefore it requires good lobby to PNG government as well as good connection to funding to make it happen.
You can bet on China connection if you want to hold it long term.
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