TSXV:FCO.H - Post by User
Comment by
materialsgirlon Apr 03, 2018 4:37pm
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Post# 27824021
RE:💣Democratic Republic of the Congo on Verge of Breakdown💣
RE:💣Democratic Republic of the Congo on Verge of Breakdown💣We should all accept and take into account how bad matters are in the DRC.
The additional key point is that this info is already fully baked into the
business environment for copper, cobalt etc.
Chaos there is unlikely to have a big impact on our business environment
.
On and off chaos is already embedded in the risk/reward equation.
Also, we are still 2 years away from any meaningful cash flow so the current
price of Co is not so meaningful.
The only surprising thing in 2018 is that we have not received any takeout offer.
At current Co pricing, we are big enough for Glencore to gobble us up.
mat