Arrowhead analyst coverage paid for by Fortune Minerals
While it's nice to see to see a sector shift in the cobalt space starting to move things upwards, let's try to keep some sense of balance and perspective. While it looked great to see some industry love shine its light on our meagre company last week, things are not quite as rosy as they initially seemed. Since we're all savvy, diligent investors we all of course read Arrowheads report cover to cover. Which would mean we all saw on page 44:
Important disclosures
Arrowhead Business and Investment Decisions, LLC has received fees in 2020 and will receive further fees in 2021 from Fortune Minerals Limited for researching and drafting this report and for a series of other services to Fortune Minerals Limited including distribution of this report and networking services. Neither Arrowhead BID nor any of its principals or employees own any long or short positions in Fortune Minerals Limited. Arrowhead BID's principals have a mandate for investment banking services from Fortune Minerals Limited and intend to receive compensation for investment banking activities from Fortune Minerals Limited in 2021.
TLDR; Our company paid an influencer to promote us
I, like all of you, still somehow believe in this abomination of a project but let's not get too crazy about the potential here. If all news is good news then yes this is great, but don't kid yourselves that we're a month or two away from being Bay street darlings.
Hope springs eternal but this time we're paying outsiders money for that hope