Carabella Res Ltd Nsw CBLLF

RE:RE:10% Share Redemption Over 12 Months

[andreasstetson]

The whole situation seems ridiculous to me. Cobalt prices are holding up decently, stock clearly massively undervalued at the current spot prices (I think people might be forgetting this is not an exploration stock?), and there is probably some reason to believe in at least stability if not price growth coming from the Katanga mine. Add in the 10% share buyback, and I'm not sure what I'm missing. The company's communication has been abysmal - I'm almost worried that there is some nefarious actions on the part of company / major shareholders to depress prices and allow for a cheap takeover / buy-in of the remaining stock and fleece all of us rubes who were foolish enough to invest at prices well north of here.