Fabled Silver Gold Corp T.FCO

RE:Cobalt on the LME looking scarey

[Robertorava]

The Company has begun receiving Letters of Intent for offtake and project financing from multiple parties on this new strategy and intends to identify its partner(s) by early 2018 after thorough evaluation. that was released in an update email by the company in dec 2017!! If they couldnt make a deal with cobalt @30$ at that time or even when it was @40$ 6 months later then you don't have to expect that they will now sign a contract when cobalt is less than 20$. they never released the optimized study because that would mean to admin that it is not viable whit cobalt at current price. The new ceo thought, ow well, let's wait until market conditions will improve. And I think he will continiue to do so until cobalt is way above 30$ Until then, the only thing he will do is continue to delay with things like more output, more studies, more optimization. and when that is done and cobalt is still down. gues what, then they announce that they going to drill another hole to try to extend the lifetime of the mine to above 12,5 year. Ow wait, didn't micron already put that in one of their recommendations in a previous report? yes they did, then they drilled 5 holes, but hey there is always room to drill some more.. bottom line, they will do nothing but to delay till cobalt is way back above 30$. you think that the share price is low? gues what will happen when winter is over and they have no more money and cobalt is still under 30$? i bought my first shares 10 years ago for over 5$, and bought a lot more when they where 12 cent, sold last week a lot and will only buy back after project financing or really good news, wonder if can get them again for 12 cent... sorry for bad english