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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

Comment by rotten2coreon Feb 24, 2017 6:26pm
172 Views
Post# 25891852

RE:RE:RE:.20 issue price

RE:RE:RE:.20 issue priceThat may be but there's nothing saying the subscribers weren't already shareholders which allows  them to sell shares they'd already owned. There were several million shares traded in the 30's before the financing. Was well over a triple from the .20's and well over a double from the 30's. That kind of run-up after a financing is almost certainly going to mean a pull back is near as people take profits. Around the 50% range is typical which is why I said .40's, possibly .30's. I think we'll continue to see some sell-off next week as the next round of news is likely at least a month away when they report progress. 
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