OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Jul 02, 2019 10:19am
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Post# 29879629
RE:LME Cobalt Price:Huge Cup & Handle Forming?Upside Potential?
RE:LME Cobalt Price:Huge Cup & Handle Forming?Upside Potential?During the 2017 price Cobalt spike, this severely (severely) impacted our business since we are in a cobalt related business.
Now the reverse as current Cobalt prices are very favourable. Sadly which pocket does one choose ?? Cobalt metal prices are going to be flat until the fall of 2020. In 2021 likely some movement upwards. Who has bought their EV yet or has even ordered one ??????
Do not hold your breath on UEX & Cobalt this is an added bonus to the UEX portfolio. Bank on the Uranium prices moving in a big way so focus must be on UEX Uranium for the next 16 months.
Just sayin......
MM