RE:Where the dust settlesI'm personally not too worried. Realistically speaking, the refinery isn't up and runnng yet. There's just no revenue stream to put towards the debt being built to bring it all to life. Untill that point, the price is driven by news releases or investors that see the big picture and are able to believe enough in the company to pull it off. Sure the price of cobalt might reflect how people think of it, but as of now doesn't reflect what we aren't pumping out yet.
Many... and I mean many stocks (especially penny stocks) in the same situation see spikes in prices after an optimistic news release only to watch it trickle back down to where they started. Sometimes it rubber bands even lower than that as investors felt the news was just the company blowing smoke and they cut their losses. With a rise from .14 to .35 over a two day span after a huge announcement... and also holding on to that price range (for better or worse) for almost 4 months now makes me believe First Cobalt isn't one of those cases.
So don't sweat, even if we see those high .20's - low .30's. Those .40's are just gravy and cause many to take their winnings and run when they see it. The actions of those people aren't hurting my view on what the company is worth or better yet will be worth in my eyes. I think our next major price spike is going to be on the back burner for a bit until we get another surprise annoucement or the rest of the funding comes through. This is defintely one of those long holds but that's just my opinion though.