TSXV:FCO.H - Post by User
Comment by
greggegenon Feb 22, 2018 3:09pm
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Post# 27604247
RE:M&A activity in lithium, cobalt, copper to pick up...
RE:M&A activity in lithium, cobalt, copper to pick up... I can't see that the chatter about Mesnac as a potential off-taker is remotely credible? It seems there would be major geo-political hurdles (and risks) in dealing with the Chinese?
The immediate strategic fit with Mesnac isn't clear (although we don’t really know much about who owns them (really) or what their strategic ambitions/links may be?). But investors have been told (since 2016) that eCobalt is focused on meeting ultra pure specifications for cobalt sulphate heptahydrate to supply N.American battery chemical demand, ie, for lithium ion batteries. N.American has no secure 'domestic' supplier and the industry (including defense sectors) have been desperate for same…surely this is (still) where the ultimate premium value will be generated for the Company and its stakeholders.