RE:RE:RE:RE: insider buying is good...isn't it?It seems to me that the volume per day is picking up in a meaningful way. The last equity raise was really a hit to any shareholder that had bought into the stock in the spring of this year and earlier. The ATM offering certainly left a bad taste in my mouth at least.
That being said it takes time and money to start this type of endeavour. The derisking of the funding and extra cashflow the ATM provided will help. This might boil down to both budget and timelines. If the timelines can be brought forward aggressively and come in within budget with the current inflationary pressures that would go along way to cement the effectiveness of the First Cobalt Management Team.
Other than that there is still a signifigant axe over the heads of existing shareholders. This is the eventual reverse split. I see it as a good thing but thats because my average cost is quite low.