First Cobalt on the slide on the TSX tonight (at 11.30pm WST)....

First Cobalt on the slide on the TSX tonight (at 11.30pm WST).

No-one seems too impressed with the muckpile samples.

Now at 64c CAD - equivalent to 9.4c AUD on the ASX at the scheme conversion rate, and with current CAD to AUD dollar conversion rates taken into account.

Interesting to see how this reacts on the ASX, given that it has historically been riding higher on the ASX than the conversion rate since the scheme was announced.

Cheaper to buy on the TSX by far.

It won't get to the equivalent 9.4c on the ASX, so no need for concerns.

Gw