Here's a link to Joe's presentation at the Sydney Mining Club...

Here's a link to Joe's presentation at the Sydney Mining Club yesterday.

http://www.sydneyminingclub.org/presentations/2018/july/cobalt/index.html

"I've spoken to our good friends at LG over the last few days,  their first comment to us, based on the share market reaction... (some in the market thought we had a longer mine life initially)... was.. "what's all the fuss about? They can see the upside, they can see the pathway to that upside and it absolutely doesn't disturb them at all for us to declare a production target of 13 years as an initial stepping stone".

I'm not going to lie, the last couple of days have been tough. I have been a holder since ~25c. I have invested a substantial amount in this company. And I have been very confident and optimistic in the long term prospects and outlook of the company.

It's tough because you watch a presentation like that and it gives you a lot of confidence, and you think, why are so many people bailing out? Markets are unpredictable and driven by emotion. Herd mentality kicks in and so when it moves, it moves quickly, in either direction. Especially in micro and small caps, because they are largely held by retail rather than institutional investors, who are investing their own money rather than their investors.

I'm optimistic that over the next 12 months there will be a steady stream of news that will show a reduction in costs, upgrade in resource, improved recovery and thereby improved project economics. Until then, it could be a bumpy ride for some holders, so please show some humility. Nobody wants to see anyone lose money. If you've taken a bit of money off the table, as I have, to wait on the sidelines for a little bit and buy back in when the tide starts to turn, so be it.

There are some great people posting on here who provide some real insight and analysis. Good luck to all the holders and let's hope it turns out like we all hope and expect. If not, chalk it up as a lesson learned, these things happen.