Originally posted by ozblue
@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 advice/resources/...s-including-nickel-copper-lithium-and-cobalt/
"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."
Actually your wrong, the rules are precisely the same for all re-compliances. Some get the full IPO treatment some don't. There you go you learnt something new!
So WFE haven't dragged the chain, the process has been detailed and thorough according to the particular conditions that were set out for WFE's re-compliance. Why do you still have trouble accepting this?
"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"
Oh dear an attempt of sarcastic humour. What a diversion from detail!
Please spare me with analysts forecasts, there is one every week all different and they seem to change their mind every month and still miss. Wood Mac credibility goes in the bin with all the others, their opinions sway depending who they are trying to please!!
Anything else you are having trouble with today?
