TSXV:FCO.H - Post by User
Comment by
DRYOASISon Jan 09, 2018 2:41pm
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Post# 27315790
RE:RE:COBALT REPORT
RE:RE:COBALT REPORTFirstly it's not hard to understand why Glencore would publish such a report, they're trying to discourage the competition, the less producers there are, the higher the cobalt prices and therefore more profits for Glencore.
Secondly, it's to the benefit of banking institution and mutual funds that are buying into the cobalt space to publish such nonsense to try and scare individual investors away. Whatever they say, you can bet your boots their doing the opposite. It's already been establish that cobalt will be a hot item for years to come even if battery makers all change the ratio to 8-1-1.
So buy your cobalt stocks and sleep well at night, the story is just begining.
And farml1234, you of all people should be able to provide answers on this board since you've been here forever but it's obvious your just a dumb schmock that just got lucky. Sorry if my questions are to complex for you to comprehend, just put me on ignor and give your brain a rest.