TSXV:FCO.H - Post by User
Comment by
tresspaseron Feb 24, 2017 3:05pm
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Post# 25890919
RE:RE:RE:☔️Hedge Funds Stockpiling 6000t of Cobalt Worth $280m☔️
RE:RE:RE:☔️Hedge Funds Stockpiling 6000t of Cobalt Worth $280m☔️Don't be rediculous ufoolme. They don't need 13 Million's to "keep the lights on", especially when they have ~$1.5-$2.0 million dollars already in the bank. They got 13 Million to start the process and assist financing. Getting Financing at $22.18 (and rising) is no longer an issue (IRR was 26% at Co levels of ~$10.80). Bankable Feasiblity Study in the next week to 10 days, then initial financing agreements in the next 60 days. It's not longer a matter of "If", just "when"... not at these levels of Cobalt.