@Mutley8 ..........."The ASX determines the timeline not WFE management"
LOL, that is totally wrong!!
ASIC and ASX set the rules/guidelines for companies to meet. It is all out in print on their websites.
It is up to the company to meet the compliance requirements, some do it quickly some much slower. It took BUB a couple of months to recomply back in 2016.
It seems that WFE have dragged the chain on this and missed the short term higher prices for cobalt by simply taking too long to recomply.
The expected oversupply of cobalt over the next couple of years (Wood McKenzie), will probably lead to lower cobalt prices later this year. Maybe if WFE drag the chain long enough until 2023 when cobalt prices are expected to recover, all will be good for shareholders.
"With potential mine supply growth of about 28 per cent forecast for next year and only 10 per cent growth in demand, we see the market slipping into a period of latent oversupply that will likely keep cobalt prices subdued over the medium term,” Wood Mackenzie says."
https://unauthorised investment adv...s-including-nickel-copper-lithium-and-cobalt/
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