Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 May 03, 2018 11:54am
317 Views
Post# 27976860

Value creation

Value creationAs a long-time USCO shareholder, I had questioned this deal at first. But as I thought harder and read more, this deal makes a ton of sense for USCO and shareholders. We will now have an incredible management team steering the ship, $30M in cash to agressively drill, several very prospective land packages in Ontario which include past Co production, and of course the only Refinery in North America capable of producing battery metals. The land in Ontario gives us even more leverage with new discoveries and could create a lot of torque for our SP. All of the above will bring added interest from capital markets and include us former USCO holders in the conversation when investors are looking for the premier pure play Cobalt exploration company. When you think about it, Iron Creek was USCO's only real asset and although it is a fantastic property, on which they were consistently confirming and expanding the historical resource, the market was largely unrewarding. Even with conti nued success at Iron Creek, I couldnt envision the market running us up much higher than $2.00 in the mid-term. With this merger, we still have the value creation from continued success at Iron Creek PLUS the added torque from new discoveries in Ontario PLUS the $30M cash for drilling PLUS the potential short-term cash generation from the refinery PLUS a management team of proven miners. Wayne Tisdale has always been a value creator. He is a proven visionary with his finger directly on the pulse. He saw an opportunity to create even more value long-term by teaming up with mining heavyweights. I know its frustrating in the short term here. But I am confident that once the transaction is complete, our SP will be off to the races. GLTA.
<< Previous
Bullboard Posts
Next >>