TSXV:FCO.H - Post by User
Post by
Carlos66on Mar 19, 2018 11:43am
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Post# 27739680
volume spikes
volume spikes---have apparently occurred twice recently(Feb.), but on down days after positive news. ---bought deal financing means an overhang of shares which will put a lid on the SP. ---we will see if recent news of interest by battery makers for Cobalt supply will result in ANY off-take agreements ANYTIME SOON or will they play suppliers against each other. ---leaving final refinement of cobalt to the end user will be less costly yes, but will also mean less $$$ from selling the product. Any producer can do what Ecobalt is doing in the initial refining process; so there is no stand out except for initial purity. That is just the luck in the deposit they find. ---SP should have advanced more today/recently with the news & the quicker the off-take agreements are finalized the better. The pressure is on mgmt. to deliver. carlos carlos