RE:RE:RE:RE:Long-termWhat I find exciting about FCC is the speed of the release of reports, the joint issuance of news of the Glencore MOU, as well as the huge impact on FCC value if/when agreement with Glencore is signed - assuming of course it is a fair agreement. In the junior mining sector such positive news is often many months, if not years apart, and ususally with a lot of hype with the purpose of finding new cash, not necessarially to move a project forward.
Another piece of news that should be of interest with FCC investors is the "long-term" Glencore/Umicore agreement where Glencore is to supply Umincore with cobalt hydroxide for its Finland refinery that Umicore just bought for $190M. This sounds much like the proposed Glencore/FCC proposed agreement - if it goes as a feed agreement instead of a tolling agreement - and shows how serious Glencore is about lining up non-China refineries. It also should give an idea as to the value of the FCC refinery once it is operational - depending upon production in comparison.
So we are getting fast paced positive news from FCC itself, as well as related positive news that gives FCC credibility and comparison. What is not to like? Obviously the market is not impressed, or are so gun shy from the cobalt price drop and resulting coblat stock drops, that new money is not flowing in to push up SP. Still, if this is not enough to invest I am just fine with that and will continue to accumulate shares at the current .11-.13 US SP.
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