RE:RE:Stay Focused ... The trend in Cobalt equities is not in tune ( or even close) with current cobalt recent increases and projected demand....there is something wrong with the big picture of the cobalt market, while there is plenty of supply concerns, geopolitical messes etc etc out there it is a function that no one seems to be able to even reasonably explain or put a f8nger on....other than the great disconnect issue raised by Simon Moore's and BM metals.
Hints of Some level of manipulation that goes way beyond FTs historical issues, or any 1, 2 or ten cobalt stocks and pretty well all cobalts ....the whole situation does not add up....sure some can pick bits and pieces here and there... but big picture ? It remains a bit of a mystery. Not relying on conspiracy theory's here but the Goldman sacks of the world may have fingers in cobalt period....again long shot but the situation is not adding up.
the world is on China's case with coal power plants and they will not stop any time soon in that department, to reduce ghg .....however Covid has shown them something and they could be taking seriously, whilst we procrastinate, in that they have seen in black and white what removal of ICE does to the emissions in thier big city's and they could be ramping up EVs plans for an unprecedented transformation to Evs that we cannot imagine. The optics will look great in the ghg world, it's relatively easy for them to do, has enormous ghg impacts and may off set what they cannot stop in coal consumption....for the interim.
Even with state owned auto manufactuers they know they cannot even meet their own production requirements ( if they had such a plan) and are allowing foreign manufactuers access ....seems like a good way to solve a market problem created by a soon to come legislated situation in the country to remove ICEs and fall inline with global ghg reduction plan, ahead of others, without stopping coal consuming power plants for now....they can use our western greed for profits to help them and is probably still cheaper and doable than than the the immediate alternative required with coal consumption.
ok so that's my "sycophantic" post of the day, but never underestimate the Chinese, they have a plan.
Our FT management knows our resource will not stay undeveloped, it's needed here in Canada and the USA and we have to complete our plan to put it in production, I (we) should have no doubt that they are doing that...we are one of the best primary cobalt opportunities out there.