Carabella Res Ltd Nsw CBLLF

RE:Questions about Cobalt 27

[LittleHedge]

Bought deal financing always has an impact as short term / day traders are not willing to hang around a couple of years to reap the rewards... so the stock usually tumbles to around the price, weak hands (and day traders) dump and deal with their losses. The long game here is interesting given the space they are in.  It is very possibly a good opportunity to buy at a discount as in these cases, more often or not the price recovers quickly, and the earnings from the investments exceed the cost of the investment in the long term so future growth has more potential. Typical behaviour for a venture stock. Question is more - has the company got the legs for the long journey and is the investment going to pay off.  Cobalt is a good space, for me this is an opportunity to buy a little and see what happens.  I’m also interested in the dividend side.  Analysts seem to like this stock a lot, which provides some confidence, but not enough to bet my house on.