TSXV:FCO.H - Post by User
Post by
materialsgirlon Dec 08, 2017 12:06pm
144 Views
Post# 27118201
What's happening, man?
What's happening, man?The share price is up about 15% over the past week. This is indicative that some investors are buying with the expectation that we will get taken out pretty soon.
However, the real driver may be entirely non-company specific.
Cobalt is selling for $31.75 (yesterday) and the super premium cobalt that ECS will produce is likely selling for close to US$40. There is no published data. Therefore, the commodity price may be the sole driver.
I have noted that an increased number of fringe analysts are now musing about $100 cobalt in 2018.
I see this as a definite possibility if speculators hoard and try to corner the market.
Sadly, there would be no benefit for ECS because there will not be any production in 2018 and the company is not robust enough to sell future deliveries at a fixed price.