Fabled Silver Gold Corp T.FCO

Price Manipulation

[BackCast]

Chinese traders are well known for manipulating copper prices in the past.  Think they didn't have a lot to do with the rapid rise and fall of cobalt prices?

And speaking of the copper cobalt property recently shut down per Glencore's announcement......any chance the mine's high grade ore benches that were gutted while cobalt was high?  If the facts were known, good chance the shut down mine is undergoing a major stripping program to catch up for robbing of high grade benches.......certainly wouldn't be unusual for a miner to do that to generate cash while prices were high.  Since the mine has copper and cobalt, copper prices alone should be good enough to carry the mine without a cobalt credit, unless no ore benches are available after a major effort to gut the place for short term advantage.

Cobalt will rebound, and so will eCobalt.  Even though the announcement on cost measures hurt, really doubt Callahan had much of a choice in the short term.