TSXV:FCO.H - Post by User
Post by
tresspaseron Dec 21, 2017 10:55am
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Post# 27205128
On a side note...
On a side note...On a side note...
Over the last 18 months some investors have been dissapointed that we have waited so long (e.g. the FS should have come out in early 2017, but was delayed). I was worred however that ECS would cut a deal too early. If we cut a deal this year, Cobalt was at ~$20-$25. Now it is $35, a huge difference.
However, now we have a transitional momement. The prices are continuing to rise, but that is going to be mitigated as KAT ramps up. So if we cut an off-take and financing now AS PRICES CONTINUE TO RISE in the short term, we can cut a good deal. However, there is no longer the need to wait because KAT Cobalt will be hitting the market.
I believe this is exactly what management is doing (off-take expected in March, financing by July).
JMHO