TSXV:FCO.H - Post by User
Post by
AdekGoskion Apr 24, 2017 6:53am
148 Views
Post# 26155903
RE: drip, drip
RE: drip, drip I think many people are getting impatient waiting for the feasibility study. This is causing some doubts and too many were hoping for a quick profit. For eCobalt, the financing year is from February to February, So, for them the end of first quarter is the end of May. I think we should see the BFS probably during the Conference in Toronto, May 15-17.
I believe there is much potential for this stock to go much higher. When the time comes closer to production, the institutional investors will start putting money in. This is when more stock appreciattion will happen. There may be also an unrest in Congo and a big spike in Cobalt price and a potential for a takeover after the BFS and a financing deal. You need to see a big picture and the fundamntals which work in your favour.
To me, this is like fishing. You need to be patent to catch a big one. The impatient ones, go fishing for the gobies, you'll get a bite after bite.