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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 Mar 09, 2018 10:57am
135 Views
Post# 27691091

RE:WTF happened?

RE:WTF happened? The SP had been steadily climbing since the drill results and underground drilling announcements.  There are many reasons a stock could pop 15% in a day.  In USCO case, it was likely due to some added interest from those previously unfamiliar with their story, or those waiting for more definite confirmation of historical estimates.  Their last 2 announcements have been real eye openers for anyone remotely interested in the Cobalt industry. It's looking like a strong possibility the historical estimates could be blown out of the water.  Impossible to not take USCO seriously now.  Any time there's a 15% pop, I always expect a pullback the following day.  That's why I always prefer a slow, steady rise, with some breathers along the way.  This builds solid support at different levels and reduces drastic downside risk.  As I said a while back, I believe anything below $1.20 ($80M Market Cap) to be an absolute steal given the information we have today.  GLTA
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