RE:RE:RE:RE:RE:First Cobalt's Investor Rating Must Be Re-evaluatedWith such a low SP and so little volume it is very easy to manipulate the SP. Anytime a small investor like me has more shares than 3-4 days of total volume, it is clarly VERY thinly traded.
Once there is more news on a feed stock and a buyer of the product, bank financing should be available and I too believe the SP will move quickly.
If cobalt continues its slow climb, due to increased demand, the feed stock and a product buyer should get serious. For now China is the main buyer of feedstock, its owns the refineries and it is the main buyer for the cars it produces. China has things just as they want them. Cheap cobalt to refine and use.
Once the US and Europe get serious about EV production, 2-3 years, the demand will be there for the finised product, but China will still control much of the feedstock with its investments in the DRC and it will still control the refineries. As China increases EV production they can effective freeze out the US and Euarope unless they are willing to pay the pr
ices that China wants for its refined Cobalt. This should make First Cobalt's refinery and Cobalt valuable to the US and Europe, but it is not of the size needed to solve their need and the refinery is 1 1/2 to 2 years out if started now.
What we need is a govenment loan guarantee program to get First Cobalt's refinery running.
Still, I too see big news releases showing that First Cobalt is moving forward. Volume should be there and the SP should respond.