COB on the move, I was just thinking if COB keeps rising we are no better off. The higher it goes the worse this deal looks. Not begrudging COB s/hders their luck but this could become one of the worst arrangements ever. I realise old shareholders were involved in the spinoff and so they should of but new BPL shareholders like myself its different. Also it makes payment of these different stage deadlines look more positive. IF COB is worth say $100 million it could be a lot higher by 2020. They get to pay $15 million for 49%. Plus a 2% royalty which is a pittance. Too bad they never had some MC value in this deal. We know there is plenty of Cobalt there so all they can do is find more. Hopefully our Heavy Mineral project happens. I am not greedy just think it could of been a heap better deal for BPL. Does this make sense to anybody or am I sending out the wrong message.
ARR Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
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