OTCQX:CBLLF - Post by User
Post by
lumpy13on Sep 10, 2019 4:22pm
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Post# 30114159
Why the stock went up today
Why the stock went up todayBecause many shareholders know the delay in the meeting was because they don't have the votes and there is bigger upside in holding on to the Voisey Bay stream and the physical cobalt. Being left with Ramu/Nickel 28 has limited upside.
Of course, we get screwed again if the vote is negative and Cobalt 27 remains as Pala receives a $15m termination fee.
Why Canadian authorties are turning a blind eye to this self serving, abusive deal reflects badly on Canada (sad to say).