TSXV:FCO.H - Post by User
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AdekGoskion Apr 24, 2017 6:44am
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Post# 26155895
RE: drip, drip
RE: drip, dripI think some people are getting impatient waiting for the BFS. The delay may be causing some doubts and too many people probably were hoping for quick share rise. As I found, the financing year for eCobalt runs from February to February. So, for them, the end of first quarter is the end of May. I think we should see the BFS by the middle of May, possible announcement during the conference in Toronto, May 15-17.
I believe there is much potential for the stock to go significantly higher, the closer it will be to production, the more the institutional investors will be putting money in and that is the time when the big stock gains are made. I should also mention a possible unrest in Congo and a big cobalt price rise or a takeover after the full feasibility study and a financing deal.
For me at least, it's like fishing, you need to be patient to catch a big one. The impatient ones, go fishing for gobis, you'll get a bite after bite.