RE:RE:RE:Cobalt rocketing! @patsels96 wrote: "You seem jealious for [not] getting in around 30 cents eh....."
You bet I am. Actually it was at 14 cents when I said to myself I should buy, but I'm overleveraged. I was looking at FT at .02 cents (now .25), and kat at .14 (now 1.15). I was overlegeraged in other plays, which turned out well for me. But yeah, Kat did well from .14 cents.
@wonnetr wrote: "it was 2 bucks when cobalt was half the price it is now in 2011".
It 2.00 a share for 1 day in 2011... you picked the apex after a dead cat bounce from $15 in 2008, when the shareholders at the time lost 97% of their value with a 10x diluton, when it eventually hit .12 cents.
The problem however is easy: In 2008 Kat was trading at $15 dollars a share when Cobalt was above $40. After we divide by 10x because of the dulution, and you would expect 1.50 cents at $40 Cobalt level (and Co is now @ $30). Add a bit for the incremental increase KAT did in efficiency. Not much further North is there to go... maybe $2.00 or $2.50 best.