Valuation of COB, page-39

It may well have problems (not that I have seen anything), but there is nothing in the manufacturing world where everything is smooth sailing and that should be part of our risk assessment when investing. I expect problems and have trust that JK and Co are up to the task. China hoarding all the cobalt via Congo isn't helping and on top the RBA increasing interest % just creates more "panic". Where people feel they have lost faith in this company, it may well be time for them to either sit on the sideline or choose their future by making a decision. I have made mine a very long time ago and will be monitoring closely but with belief that it will succeed.