RE:RE:RE:DrillingI have watched this company and been a shareholder on and off for over 6 years. Usually selling to capture tax losses and then buying back in after 30 days for about the same price. I keep doing that as the proven metal in the ground is such a large deposit.
I do not believe the current management has any intention whatsoever of building a mine or pursuing anything to reward shareholders. It is my opinion that this company is set up now soley to provide employment to current management.
There has been no evidence to show otherwise.
The only way this ends well is a hostile buypout once cobalt prices recover significantly and management has no choice.
It pains me to say this but I have finally come to reality. I will still hold and sell for tax and rebuy enough to be rewarded when this is boiught out. My guess is cobalt back to around $90,000 / tonne. The gold is a really nice bonus but not dense enough to mine solley for the gold.
If I turn out to be wrong, that will be great.
I will now go back under my rock for another few months.
RD