RE:FCC and it's aversion to Good News. It will rise slowly and sink quickly until they can gat rid of the massive share count. It's truly diluted down to oblivion. The last spike volumes were in the multiple millions, it needed to be done this way however I do question why the atm wasn't canceled earlier.
folks need to stop focusing on the share price. If you believe in the need for a cobalt refinery in North America as I do set a floor buy and forget it, at least for now. Just keep your share count divisible by 10.
the range that fcc is in right now appears to be short term. Unfortunately it's very predictable and a quick few bucks for day trading. There is a massive pile of holders of fcc stock. And to be honest not many buyers/sellers. We just have to be patient. Some of us have had stock in fcc since early 2018. So the pain is / was real. Took tonnes of averaging and bought a lot of paper hand holders out.
I think you are correct that the company will be bought out. I won't speculate on who will scoop it and how but at these levels there has to be some sharks swimming around.