TSXV:FCO.H - Post by User
Comment by
tiger6301on Jan 16, 2019 10:04am
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Post# 29238916
RE:Cobalt trending lower
RE:Cobalt trending lowerWith cobalt price direction and the negativity of the company, I don't feel the SP will be positive for the next 3-6 months. IMO, the company is mining the market, rather than the cobalt. I am ALL out with big loss. I will only re-enter after the financing the mine is done. Also, I am thinking they will run out of money and need financing again with big overhead.
Good luck to all!
tiger
mikerosoft667 wrote: LME Cobalt Prices 15 month pricing is lower than current price - meaning you can buy Cobalt 15 months from now cheaper than if you need it tomorrow. Or am I missing the meaning there ?