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US Cobalt Inc V.USCO

"US Cobalt Inc is a natural resource corporation engaged in the acquisition, exploration and development of exploration and evaluation assets with its primary focus on the development of the Iron Creek cobalt property in Idaho, USA."


TSXV:USCO - Post by User

Post by rotten2coreon Feb 19, 2017 3:46pm
212 Views
Post# 25867710

.20 issue price

.20 issue priceThe .20 issue price means anyone who was in on the offering has tripled their money and will be looking to offload.  Think she pulls back into the .40's, maybe 30's as they take their easy money profits.  That's how these little plays tend to work after share offering.  Comapny gets their money, director's buddies get to line their pockets by flipping the shares quick.  Everybody's happy.  Unless you're the one left holding the bag.  Fortunately, I think these guys might have a legit resource.  But nothing's changed from 3 months ago and no reason for this kind of a run besides the big share holders wanted the price up to offload. Once some progress is made or some sort of results are released, look for higher prices from here.  But will be a pullback in the meanwhile IMO
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