Unfortunately a red day for Cobalt blue and most other Cobalt players, again.
CLQ down 25% in 10 trading days.
COB down today despite releasing positive drill results.
ARL up 350% in first 9 days but to crash to 40% of high and now mostly dormant on volume in limited price range (as per most players).
If investors are distracted by noise (MM most notably), how is Cobalt to be differentiated from another Lithium (or MM) type bubble?
There is current and future international market sufficient for a good handful of Australian companies with Cobalt deposits to be exploited and profitable in Australia but the market seems disinterested.
