TSXV:FCO.H - Post by User
Comment by
17Diggeron May 10, 2019 3:24pm
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Post# 29735718
RE:RE:If Jervois backs out where do you think s/p will be!!!!
RE:RE:If Jervois backs out where do you think s/p will be!!!!You are too pessimistic.
We just got an extra 2 million cash which we can survive on for a long time - unless Jervois is allowed to swipe it from our Treasury.
The market sees how bad this "merger" is and has knocked down our share price accordingly so it is a poor time to raise money with this sorry "merger" hanging in the air.
Nobody will give us money while there is a risk of Jervois taking it away from our Treasury and spending it in Africa. End the merger and end its uncertain effects upon our compnay. Then we have a clean path to finishing up our cobalt mine because the return on investment for our mine is rich at the price we will produce cobalt ($5 a pound when off setting metal credits are applied, or about $13 a pound without these credits but then we get the credit income money as cash).
Canacord estimates our share price target at 90 cents but it will be much more as soon as we get this raid ended and get back to our business.
If you disagree with these facts, then maybe you should sell your Ecobalt shares for about the 25 US cents they have fallen to since the "merger" offer ... but as of today the share price of Jervois is still falling to 24 1/2 Australian cents. They too are suffering from this "merger" offer. They do not have the money to build our cobalt mine so our mine site would be idle under them too. They need their money for their Australian and African ventures, and can not be expected to support our Idaho mine too.
The economic values of our mine show we have a bright future after the merger cloud ends, and certainty and sanity return.
Even Jervois will be better off without having to pay for our "care and maintenance bills" for a mine site in Idaho that they have no cash to develop further.
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