TSXV:FCO.H - Post by User
Comment by
reddog11on Dec 20, 2018 3:02pm
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Post# 29142441
RE:What do i see?
RE:What do i see? Just wow.
I never thought we would see these prices again. Plethora of reasons now I can see in hind sight.
Dropping cobalt prices and now talk of a cobalt oversupply, expoding teslas, tax loss selling, late feasibility based on not wanting to report with cobalt down, Worries that the mine will be put on hold again if investors can not be found at these cobalt prices, etc. The entire group is back to lows not seen for almost two years.
I could be wrong, but I do believe that the electrical auto revolution has not ended, cobalt supplies will become more scarce by 2020, regardless of feasibility study mine is still being worked on..at least for now. If we are put on hold, we can re engage once cobalt is rising again.
Just my thoughts and wish I could have seen this coming. Hindsight 20 / 20.
RD