Utter crap. Go Back to sleep.Cobalt and all other metals except...

First 13 Last

Share
Profile

Follow
Lowkeyinvestor

3,993 Posts.

1300

20/06/20

00:21

Post #: 45338646
Share

Originally posted by Niraj1980: ↑

Hey @philh9, my average is $0.19, with Cobalt macro in decline this week from $13.38 to $13.14, it's tricky one to keep holding on to this penny COB, these guys makes good progress but for some reason their scope deliverance dates seems slipping away too far off, and like honestly there isn't hardly materialistic announcements has happened this year, I could be wrong but feels like lifestyle company, management doesn't really care about their shareholders other then pushing dates further. Now, any further delays will costs shareholders quite hefty money, we are already running out of money, and Final Investment Decision (FID) is still 2 years far, we've all known how much project pushes to gain traction in market but Cobalt Blue is on deep sleep. Next COVID fear will kill this sort of company, these guys will come begging for more funds from us again. it's just timeline scares off anyone.
I've travelled through thick and thin with this company, even since expert determination, it hasn't taken leaps, part of it is COVID-19, but should show some signs of acceleration since having all project to themselves. funnily enough these guys just gone to sleep.

Expand

Utter crap. Go Back to sleep.

Cobalt and all other metals except like Iron ore , gold those types are going to suffer due to this recession.

Cocalt will come back, as you migt see Nickel is on the rise slowly.

COB Price at posting: 10.0¢ Sentiment: Hold Disclosure: Not Held
1 Upvote

0 Great analysis

Reply