TSXV:FCO.H - Post by User
Comment by
lucidvisionon Jan 08, 2019 10:56am
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Post# 29200170
RE:RE:One 'player' done most of the selling this AM...
RE:RE:One 'player' done most of the selling this AM...Thanks for putting the time and effort to intelligently respond.
Agree that shareholders have sold because of the “manana effect” but many shares remainandpotential could be important if not huge.people are righteously disturbed and sold their shares as the CEO lied twice about the Feasible Study.
We, needless to say, agree on the importance of the FStudy. It has to be presented and it just seems like we want to squeeze every drop of this. My sense is that there is much MORE positive nuggets to add to the presentation and the need to ensure that they don’t short change themselves.
Discussions with potential clients have likely taken place even without a refined FStudy….Certain aspects still require validation and, to that end, it will eventually serve towards eCobalt’s favor. I suspect there are also new revenues that could be garnered and likely costs to be tweaked (H2O purification/ arsenic removal).Perhaps an important partner/client has requested further precision that eCobalt is now set to further validate….
This pushing around of dates and potential production delay is no laughing matter and will dissuade investors for sure – BUT – it does not mean that the mine’s potential or even eCobalt’s eventual nailing of its production is in question. It would, at this somewhat confusing stage to obtain clarity from management. Precision wrt FStudy, schedule overall, prelim offtake discussions, high level view or expectations of revenue picture relative to what is known, where we stand wrt water purification/ arsenic removal/containment. It would be good to know if we have advanced in that area.
Might it be that eCobalt is to be much more valuable by utilizing the extra – extra – time for this FStudy validation? – regardless of the current stock price??
Regarless, MORE communications will be needed. Stockholders do deserve to understand why schedules are altered. So management – do your thing and TELL US…INFORM US…