TSXV:FCO.H - Post by User
Post by
Wynjoeon May 15, 2019 5:12pm
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Post# 29750405
Adding cobalt to your portfolio,right here!!!!
Adding cobalt to your portfolio,right here!!!!The last placement of approximately,30 million dollars was closed just over a year ago at $1.30. Cobalt prices have dropped significantly since and thus the main reason for the s/p drop.Great entry point here,we were solid at the fifty cent range until ecobalt announced mothballing the project(icp).When Jervois announced this merger,for an 11 per cent premium on s/p price at that time and gave shareholders the .36 cents,I was and am still surprised that interest in this venture have not driven up the s/p beyond that.If we had we might fully expect and require Jervois to up its ante,however,with s/p stagnating below this level,I put it out there that there's not as much interest as I had hoped,or maybe investors think this is a fair valuation.What is others take on this???