TSXV:FCO.H - Post by User
Comment by
tresspaseron May 11, 2017 2:40pm
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Post# 26232880
RE:Market maker walking ECS up?
RE:Market maker walking ECS up?I have a different view. We just took a massive hit, and are under valued. This is a natural bounce. We are however again getting closer to the anticpated BFS, which will walk up the price again.
40 new electric cars coming in 2017. Hopefully Tesla's Solar panels will be a hit like Model 3. 16% CADR for the industry last year, which is frkn huge. Model 3 coming in a few months. New Battery plants planned left and right.
I read the CDI Colbalt news, and they said there is a risk of having explosive cobalt prices. I hope not. I like the steady state. Eventually push up to 35 or 45 max. However, we don't want higher than that. I think it is good that folks have stockpiled lots of cobalt. If it gets past 30 or so, they will dump at a huge profit, stablizing prices.