RE:RE:RE:RE:RE:can anyone spell DULUTIONMy opinion is that the structural need for cobalt has changed so much in three years. What I believe you will see is companies stockpiling cobalt. FT has much cobalt in the ground and someone will step up knowing they are two-four years out regardless and buy in to the resource. The battery technology will remain LI-CO for quite some time (my opinion).
Knowing Micon and delays, reeJoey is correct in that it ALWAYS takes longer than promised, but I go back to my belief someone will take this cobalt in the ground. ECS (I own alot) had the same deadline promises and always was delayed.
FT feasibility study may be a big "so what" as ECS's was also. BUT this will get absorbed quickly and FT will move higher. Fine by me as I am now only "paper" rich with ECS and need a bit of time to accumulate more FT without selling ECS which I believe will be a $3 company within a year.
Why we have to have a "team" and invest in one stock is crazy to me. But then thats the American way isn't it?
All this is jmo.
RD