TSXV:FCO.H - Post by User
Comment by
reeJoeyon Jun 13, 2018 6:32pm
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Post# 28168749
RE:cobalt price is diving recently from $43 to 36. That is the
RE:cobalt price is diving recently from $43 to 36. That is the You ECS bashers, especially you folks from KAT, need to do a bit more research. Cobalt demand will remain high and a bit lower price is good in terms of growing demand. Oh, by the way, have you checked on the new DRC taxes on cobalt? Won't be the last as there is no rule of law in the profoundly corrupt country, rated about number 210 in the world, and any contracts mean nothing as new tax law shows.
And how about the billions of new shares--can you say dillution? Share price response merely euphoric pop after terrible decline in sp, even now not back up to last OCTOBER price. Get ready for a sp drop. Most of us here probably will stick with our Idaho cobalt mine--ain't got no peackeepers there. Speculative stocks are speculative enough without adding the extra layers of crazy DRC risk.
https://www.forbes.com/sites/judecl...-needs-more-cobalt-and-so-do-we/#38d358a4b9f1